CorVel Corporation: A Snapshot of the Insurance Brokers Industry
Company Overview
- Name: CorVel Corporation
- Address: 5128 Apache Plume Road, Suite 400, Fort Worth, TX 76109, United States
- Phone: 817 390 1416
- Website: corvel.com
- Industry: Insurance Brokers
- Sector: Financial Services
- Full-time Employees: 4,444
- Description: CorVel Corporation provides workers’ compensation, auto, liability, and health solutions for employers, third-party administrators, insurance companies, and government agencies. The company specializes in managing medical costs and monitoring the quality of care associated with healthcare claims. CorVel applies technology, including artificial intelligence, machine learning, and natural language processing, to improve the management of episodes of care and related healthcare costs.
Financial Summary
- Market Cap: $4,428,962,304
- Previous Close: $256.72
- Open: $258.00
- Day Range: $254.71 – $259.09
- 52-Week Range: $187.89 – $265.14
- Volume: 6,160
- Average Volume: 35,881
- Dividend Yield: 0.0%
Key Financial Metrics
- Trailing P/E Ratio: 59.97
- Price/Book Ratio: 18.97
- Return on Assets: 13.94%
- Return on Equity: 35.00%
- Profit Margin: 9.69%
- Earnings Growth (YoY): 1.50%
- Revenue Growth (YoY): 12.80%
- Gross Margins: 22.01%
- EBITDA Margins: 15.63%
- Operating Margins: 11.05%
Key Executives
- Executive Chairman: Mr. Victor Gordon Clemons Sr.
- President & CEO: Mr. Michael G. Combs
- Chief Financial Officer: Mr. Brandon T. O’Brien
- Vice President of Accounting: Ms. Jennifer L. Yoss
- Chief Information Officer: Mr. Maxim Shishin
- Executive Vice President of Risk Management Services: Mr. Mark E. Bertels
Industry Analysis
The insurance brokers industry plays a crucial role in managing and mitigating risks for individuals and organizations. CorVel Corporation, as a leading player in this industry, offers a wide range of solutions to help employers, insurance companies, and government agencies effectively manage medical costs and ensure quality care for healthcare claims. The company leverages advanced technologies like artificial intelligence, machine learning, and natural language processing to enhance the management of healthcare episodes and control related costs.
Stock Performance and Outlook
CorVel Corporation’s stock has shown steady growth over the past year, with a 52-week range of $187.89 to $265.14. The company has a solid financial foundation, with strong profit margins and return on equity. While the trailing P/E ratio might suggest a relatively high valuation, the company’s growth potential and focus on leveraging technology could justify this premium. With a robust revenue growth rate and a track record of innovation, CorVel Corporation is well-positioned to navigate the evolving landscape of the insurance brokers industry.
Disclaimer:
This report is for informational purposes only and should not be considered as investment advice. The information provided is based on publicly available data and does not guarantee the accuracy or completeness of the information. It is recommended to conduct further research and consult with a financial advisor before making any investment decisions.
