Corvel Corporation Stock Fair Value – Exchange Traded Concepts LLC drastically reduces stake in CorVel Corporation by 97.5%
October 25, 2024
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CORVEL ($NASDAQ:CRVL): CorVel Corporation is a publicly traded company that provides risk management solutions for businesses, healthcare organizations, and government agencies. As a leading provider in the industry, the company offers a wide range of services including workers’ compensation, auto and liability claims management, and pharmacy benefit management.
However, in the third quarter of this year, CorVel Corporation experienced a significant decrease in ownership from one of its major stakeholders, Exchange Traded Concepts LLC. According to the recent Form 13F filing by Exchange Traded Concepts LLC, the company reduced its stake in CorVel Corporation by a drastic 97.5%. This means that the institutional investor now holds only a small fraction of its previous ownership in the company. This news may come as a surprise to many investors and raise questions about the reasons behind this decision. One possible reason for Exchange Traded Concepts LLC’s reduced stake in CorVel Corporation could be related to changes in its investment strategy or portfolio diversification. As a registered investment advisor, Exchange Traded Concepts LLC manages assets for various clients and may have made this move based on their individual investment goals and risk appetite. Another factor that could have influenced this decision is the overall market conditions and performance of CorVel Corporation’s stock. While the company has shown consistent growth and profitability in the past, any dip in its stock price or changes in market trends could have prompted Exchange Traded Concepts LLC to reallocate its investments. In fact, the company remains a strong player in the risk management industry and continues to show positive results and financial stability. While the reasons behind this decision may not be entirely clear, it is important to note that CorVel Corporation remains a strong and reputable company in the risk management industry. Investors should continue to monitor any further developments and assess the impact on the company’s stock performance.
Analysis – Corvel Corporation Stock Fair Value
After conducting a thorough analysis, our team at GoodWhale has evaluated the wellbeing of CORVEL CORPORATION and determined its intrinsic value to be approximately $200.5. This valuation was calculated using our proprietary Valuation Line, taking into account various factors such as the company’s financial performance, market trends, and future growth potential. However, it is important to note that currently, CORVEL CORPORATION’s stock is trading at $304.23, which presents a 51.8% premium from its intrinsic value. This means that the stock is currently overvalued and may not be a favorable investment opportunity at this time. It is essential for investors to carefully consider the intrinsic value of a company’s stock before making any investment decisions. Overvalued stocks may not provide a good return on investment and may carry more risk. As a responsible financial analysis firm, we advise investors to thoroughly research and understand a company’s fundamentals before making any investments. In conclusion, while CORVEL CORPORATION may be performing well in the market currently, our analysis shows that its stock is currently overvalued. We recommend investors to exercise caution and wait for a potential correction in the stock price before considering investing in CORVEL CORPORATION. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corvel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 773.52 | 74.97 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corvel Corporation. More…
| Operations | Investing | Financing |
| 97.15 | -26.32 | -82.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corvel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 445 | 211.47 | 13.65 |
Key Ratios Snapshot
Some of the financial key ratios for Corvel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.8% | 20.3% | 12.3% |
| FCF Margin | ROE | ROA |
| 9.3% | 26.1% | 13.4% |
Peers
As the healthcare industry continues to grow, so does the competition between CorVel Corp and its competitors. GoHealth Inc, Star Health and Allied Insurance Co Ltd, and NIB Holdings Ltd are all major players in the healthcare industry, and each company is constantly looking for ways to improve their services and products. While each company has its own strengths and weaknesses, they all share one common goal: to provide the best possible care for their patients.
– GoHealth Inc ($NASDAQ:GOCO)
GoHealth Inc is a health insurance company that provides health insurance plans and services to individuals and families. The company has a market cap of $62.23M and a return on equity of -105.56%. GoHealth Inc offers a variety of health insurance plans and services, including health savings accounts, health insurance exchanges, and Medicare Advantage plans. The company also offers a variety of other products and services, including health care provider networks, health care reform consulting, and health care software solutions.
– Star Health and Allied Insurance Co Ltd ($BSE:543412)
Star Health and Allied Insurance Co Ltd is a health insurance company with a market cap of 413.78B as of 2022. The company has a Return on Equity of -15.88%. Star Health and Allied Insurance Co Ltd offers a range of health insurance products and services. The company is headquartered in Mumbai, India.
– NIB Holdings Ltd ($ASX:NHF)
NIB Holdings Ltd is an Australian health insurance company. It has a market cap of 3.28B as of 2022 and a Return on Equity of 16.83%. The company provides health insurance products and services to individuals, families, and businesses in Australia. It offers a range of products including hospital cover, extras cover, and ancillary cover.
Summary
Exchange Traded Concepts LLC drastically reduced its investment in CorVel Co. by 97.5% during the third quarter. This move suggests a lack of confidence in the company’s prospects. It is important for investors to consider the reasons behind this decision and conduct further analysis of CorVel’s financials and industry trends.
Additionally, keeping an eye on any updates or developments from the company could provide valuable insights into its future performance. Overall, this decrease in investment highlights the need for thorough and ongoing analysis in order to make informed and successful investment decisions in CorVel Corporation.
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