Welcome to our dedicated page for Crawford & Company news (Ticker: CRD-A), a resource for investors and traders seeking the latest updates and insights on Crawford & Company stock.
Crawford & Company is a leading provider of claims management solutions to insurance companies and self-insured entities. With a focus on delivering exceptional service and innovative technology, Crawford offers a wide range of services including claims adjusting, risk management, and property restoration. The company's global presence, strong financial performance, and commitment to client satisfaction have solidified its position as a trusted partner in the insurance industry.
The Board of Directors of Crawford & Company authorized a share repurchase program, allowing the buyback of up to 2 million shares of common stock until December 31, 2023. CEO Rohit Verma expressed confidence in the company's solid revenue growth and that the current share price is below intrinsic value. The buybacks may occur through open market or privately negotiated transactions, depending on market conditions. This strategic move may enhance shareholder value, reflecting the company's commitment to its shareholders.
On November 4, 2021, Crawford & Company (NYSE: CRD-A, CRD-B) declared a quarterly dividend of $0.06 per share for both Class A and Class B Common Stock. This dividend will be payable on December 3, 2021, to shareholders on record by the close of business on November 22, 2021. As the largest independent provider of claims management globally, Crawford continues to demonstrate its commitment to returning value to shareholders through consistent dividends.
Crawford & Company (NYSE: CRD-A, CRD-B) will have CFO Bruce Swain present at the CFA New York 25th Annual Insurance Conference on November 10, 2021, at 8:30 a.m. ET. Interested parties can view the live webcast here. The event is free for CFA members and $40 for nonmembers. An online replay will be available afterward at ir.crawco.com.
Crawford & Company (NYSE: CRD-A, CRD-B) will release its third-quarter earnings for the period ending September 30, 2021, on November 8, 2021, at 4:15 PM Eastern Time. A conference call to discuss the results will take place on November 9, 2021, at 8:30 AM Eastern Time. The call can be accessed via audio-only or a simultaneous audio and slide presentation. Detailed financial information will be available on their investor relations website.
Crawford & Company (NYSE: CRD-A and CRD-B) has launched Asservio, a new SaaS platform designed to enhance efficiency in claims processing and estimate management. Debuting at InsurTech Connect Vegas, Asservio promises to improve estimating accuracy by over 25% compared to traditional methods. This automated platform utilizes a smart rules engine, allowing customization for insurance carriers and delivering real-time insights for continuous improvement. The launch underscores Crawford’s commitment to digital innovation within the claims ecosystem.
Crawford & Company (NYSE: CRD-A, CRD-B), a leading global provider of claims management and outsourcing solutions, announced that CEO Rohit Verma and CFO Bruce Swain will present at the Sidoti Fall 2021 Virtual Small Cap Conference on September 22, 2021, at 8:30 a.m. ET. Investors can view a live webcast of the presentation here. A replay and presentation materials will be available afterward on their investor website for 90 days.
Crawford & Company (NYSE: CRD-A and CRD-B) has successfully acquired edjuster, a notable player in technology-driven claims handling solutions with 20 years of experience in North America. This strategic move enhances Crawford’s digital capabilities, enabling it to offer improved inventory and valuation solutions for both complex and high-volume claims. The acquisition is projected to strengthen customer service and expand Crawford’s operational reach, aligning with their vision to innovate the claims ecosystem. This partnership aims to combine Crawford’s global presence with edjuster’s technology, enriching their service offerings.
Crawford & Company (NYSE: CRD-A, CRD-B), a leader in claims management and outsourcing solutions, announced participation in the 12th annual Midwest IDEAS Investor Conference on August 25-26, 2021. CEO Rohit Verma and CFO Bruce Swain will present virtually at 7 a.m. CDT on August 25, with a replay available for 90 days. Attendees can also engage in 1x1 meetings with the management team, highlighting the company's commitment to investor relations.
Crawford & Company (CRD-A, CRD-B) reported strong financial results for Q2 2021, with revenues before reimbursements increasing 14% to $267.5 million compared to $234.4 million in Q2 2020. Net income saw significant growth, doubling to $11.8 million, with diluted earnings per share at $0.22. Non-GAAP results also showed improvement, with adjusted EBITDA rising to $29 million. The CEO expressed optimism about recovery from COVID-19 impacts, highlighting growth in their Platforms segment. However, the company noted potential headwinds due to an uneven global recovery.
Crawford & Company has declared a quarterly dividend of $0.06 per share for both Class A (CRD-A) and Class B (CRD-B) common stock. This dividend is payable on September 2, 2021, to shareholders of record as of August 18, 2021. As the largest independent provider of claims management solutions, Crawford serves clients in over 70 countries, highlighting its extensive global reach.
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