SG Americas Securities LLC Increases Holdings in CorVel Co. by 411.2% in Q1
August 2, 2023
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CORVEL ($NASDAQ:CRVL): CorVel Corporation is a leading provider of technology-enabled risk management solutions for workers’ compensation, auto and liability claims, and related services. The company’s software and services enable customers to manage their claims more effectively and efficiently by reducing costs, improving outcomes, and increasing customer satisfaction. Recently, SG Americas Securities LLC has significantly increased its holdings in CorVel Co., according to the company’s most recent 13F filing with the Securities and Exchange Commission. The filing showed that SG Americas Securities LLC increased its holdings of CorVel Co. by 411.2%. This represents a significant increase in the company’s ownership stake in CorVel Co., and shows that SG Americas Securities LLC is confident in its ability to deliver strong returns for its investors.
This news is likely to be welcomed by CorVel Co. shareholders, as it indicates that the company has the support of a major institutional investor. It also highlights the company’s continued success in delivering strong results for its shareholders. Going forward, investors will be watching closely to see if SG Americas Securities LLC continues to increase its stake in CorVel Co., as this could signal further growth potential for the company in the future.
Analysis
At GoodWhale, we have conducted an analysis of CORVEL CORPORATION‘s wellbeing. Our Star Chart shows that CORVEL CORPORATION is strong in profitability, medium in asset, growth and weak in dividend. This leads us to classify CORVEL CORPORATION as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Based on this classification, we believe that investors looking for stable profits would benefit from investing in CORVEL CORPORATION. Furthermore, the company has a high health score of 10/10 with regard to its cashflows and debt, making it capable to sustain future operations in times of crisis. Therefore, those investors who are risk-averse but still looking for opportunities in the stock market may be interested 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 |
| 718.56 | 66.36 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corvel Corporation. More…
| Operations | Investing | Financing |
| 86.33 | -29.82 | -79.61 |
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 |
| 393.92 | 191.75 | 11.35 |
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 |
| 6.7% | 11.7% | 11.8% |
| FCF Margin | ROE | ROA |
| 7.8% | 26.6% | 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
CorVel Corporation is a leading provider of technology-enabled risk management solutions. This indicates that investors are seeking to increase their exposure to the company as they are confident in its potential for growth. CorVel’s focus on innovative technology and services to manage risk, as well as its expansive portfolio in the acute care, workers’ compensation, auto and liability markets, have been attractive to investors.
The company’s shift to a Software-as-a-Service (SaaS) model has also had a positive impact on its stock performance, allowing businesses to quickly and easily access its risk management solutions. Overall, CorVel’s focus on providing innovative risk management solutions and its strong market presence have helped to increase investor confidence and could signal future growth for the company.
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