NYSE:CRD.A

Stock Analysis Report

Executive Summary

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities.

Snowflake

Fundamentals

Proven track record with mediocre balance sheet.

Share Price & News

How has Crawford's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.4%

NYSE:CRD.A

0.5%

US Insurance

0.9%

US Market


1 Year Return

17.2%

NYSE:CRD.A

8.8%

US Insurance

0.3%

US Market

CRD.A outperformed the Insurance industry which returned 8.8% over the past year.

CRD.A outperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

CRD.AIndustryMarket
7 Day-3.4%0.5%0.9%
30 Day-1.1%-1.8%-1.9%
90 Day11.7%2.0%1.6%
1 Year20.7%17.2%11.5%8.8%2.6%0.3%
3 Year24.2%12.9%45.8%34.8%41.0%31.8%
5 Year48.3%23.7%66.3%46.6%55.2%38.0%

Price Volatility Vs. Market

How volatile is Crawford's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Crawford undervalued based on future cash flows and its price relative to the stock market?

17.74x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Crawford's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Crawford's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Crawford is overvalued based on earnings compared to the US Insurance industry average.

Crawford is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Crawford, we can't assess if its growth is good value.


Price Based on Value of Assets

Crawford is overvalued based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Crawford expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Crawford's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Unable to determine if Crawford is high growth as no earnings estimate data is available.

Crawford's revenue growth is positive but not above the United States of America market average.

Unable to compare Crawford's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Crawford's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Crawford will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Crawford performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Crawford's year on year earnings growth rate has been positive over the past 5 years.

Crawford's 1-year earnings growth exceeds its 5-year average (79.3% vs 6.9%)

Crawford's earnings growth has exceeded the US Insurance industry average in the past year (79.3% vs 4.3%).


Return on Equity

Crawford has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Crawford used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Crawford's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Crawford's financial position?


Financial Position Analysis

Crawford is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Crawford's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Crawford's level of debt (119.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (85.9% vs 119.6% today).

Debt is well covered by operating cash flow (39.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

What is Crawford's current dividend yield, its reliability and sustainability?

2.37%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Crawford's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Crawford's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Whilst dividend payments have been stable, Crawford has been paying a dividend for less than 10 years.

Dividend payments have increased, but Crawford only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Crawford's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Harsha Agadi (56yo)

3.2yrs

Tenure

US$2,227,383

Compensation

Mr. Harsha V. Agadi has been the Chief Executive Officer and President of Crawford & Company since June 2016. Mr. Agadi has been Chairman and Chief Executive Officer of GHS Holdings LLC. since 2000. Mr. Ag ...


CEO Compensation Analysis

Harsha's remuneration is about average for companies of similar size in United States of America.

Harsha's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

50yo

Average Age

The tenure for the Crawford management team is about average.


Board Age and Tenure

3.5yrs

Average Tenure

53.5yo

Average Age

The tenure for the Crawford board of directors is about average.


Insider Trading

More shares have been bought than sold by Crawford individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$20,38213 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares2,299
Max PriceUS$8.87
BuyUS$13,62712 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares1,539
Max PriceUS$8.90
BuyUS$9,20011 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$9.20
BuyUS$8,99007 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$8.99
BuyUS$8,46006 Jun 19
Rohit Verma
EntityIndividual
Role
Chief Operating Officer
Executive VP & Global Chief Operating Officer
Shares978
Max PriceUS$8.65
BuyUS$13,80406 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares1,562
Max PriceUS$8.94
BuyUS$42,16904 Jun 19
Jesse Crawford
EntityIndividual
Shares5,000
Max PriceUS$8.43
BuyUS$29,64603 Jun 19
Harsha Agadi
EntityIndividual
Role
Chief Executive Officer
President
Shares3,500
Max PriceUS$8.59
BuyUS$24,97513 May 19
Rohit Verma
EntityIndividual
Role
Chief Operating Officer
Executive VP & Global Chief Operating Officer
Shares2,775
Max PriceUS$9.00
BuyUS$25,82705 Mar 19
Rohit Verma
EntityIndividual
Role
Chief Operating Officer
Executive VP & Global Chief Operating Officer
Shares2,500
Max PriceUS$10.33
BuyUS$101,20204 Mar 19
Rohit Verma
EntityIndividual
Role
Chief Operating Officer
Executive VP & Global Chief Operating Officer
Shares10,000
Max PriceUS$10.17

Ownership Breakdown


Management Team

  • Harsha Agadi (56yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$2.23m
  • W. Swain (55yo)

    Executive VP & CFO

    • Tenure: 12.8yrs
    • Compensation: US$1.15m
  • Benedict Burke

    Chief Client Officer of International & Head of Global Markets

    • Tenure: 4.3yrs
  • Danielle Lisenbey (55yo)

    Executive VP & Global President of Crawford TPA Solutions

    • Tenure: 0.0yrs
    • Compensation: US$1.21m
  • Larry Thomas (59yo)

    Executive VP & Global President of Crawford Specialty Solutions

    • Tenure: 20.6yrs
    • Compensation: US$1.18m
  • Hilton Sturisky (48yo)

    Senior VP & Global Chief Information Officer

    • Tenure: 2.8yrs
  • Dalerick Carden (50yo)

    Senior VP

    • Tenure: 4.8yrs
  • Bonnie Sawdey (50yo)

    Chief People Officer & Senior VP

    • Tenure: 3.6yrs
  • Joseph Blanco (48yo)

    Executive VP

    • Tenure: 2.4yrs
  • Rohit Verma (44yo)

    Executive VP & Global Chief Operating Officer

    • Tenure: 2.2yrs
    • Compensation: US$1.34m

Board Members

  • Harsha Agadi (56yo)

    President

    • Tenure: 3.2yrs
    • Compensation: US$2.23m
  • Charlie Ogburn (63yo)

    Non-Executive Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: US$273.48k
  • Lisa Hannusch

    Director

    • Tenure: 0.3yrs
  • Rahul Patel (46yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$164.50k
  • Rick Williams (63yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$164.50k
  • Michelle Jarrard (51yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: US$61.66k
  • Jesse Crawford (30yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$152.50k

Company Information

Crawford & Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crawford & Company
  • Ticker: CRD.A
  • Exchange: NYSE
  • Founded: 1941
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Market Cap: US$521.173m
  • Shares outstanding: 53.69m
  • Website: https://www.crawco.com

Number of Employees


Location

  • Crawford & Company
  • 5335 Triangle Parkway NW
  • Peachtree Corners
  • Georgia
  • 30092
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRD.BNYSE (New York Stock Exchange)YesClass B Common StockUSUSDMar 1969
CRD.ANYSE (New York Stock Exchange)Class A Common StockUSUSDJul 1990

Biography

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers clai ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:35
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.