William Blair analyst Adam Klauber has maintained their bullish stance on CRD.B stock, giving a Buy rating on July 26.
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Adam Klauber has given his Buy rating due to a combination of factors including consistent revenue growth in Crawford & Company’s non-weather-related lines, which contributed to a 3% increase in adjusted EBITDA for the second quarter. Despite a decrease in claim activity, the company’s margins remained stable year-over-year. Klauber anticipates that the company’s international segment will continue its turnaround, as evidenced by a 7% growth and a 140 basis points margin expansion year-over-year.
Moreover, while the Broadspire segment experienced a temporary setback in margins, Klauber expects this to improve as Crawford continues to invest in the business. The outlook remains positive with new client acquisitions expected to drive further revenue growth and margin enhancement. Klauber projects an operating EPS of $0.99 in 2025, assuming a reduction in catastrophe and claim activity, which supports his optimistic view on the company’s future performance.
In another report released on July 26, TR | OpenAI – 4o also upgraded the stock to a Buy with a $11.50 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRD.B in relation to earlier this year.