CorVel (CRVL)
Manages insurance claims and medical costs through patient management and network solutions.
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Provides claims administration and medical cost-containment services to insurers, employers, administrators, and government payors across the United States. Most revenue comes from patient management, with the rest from network solutions spanning bill review, provider access, pharmacy, directed care, and related services, all reported within one managed-care segment.
Provides medical cost-containment and managed-care services to insurers, third-party administrators, government entities, and self-administered employers across the United States. Patient management—the larger revenue line—covers claims administration, case management, nurse triage, utilization management, vocational rehabilitation, and disability services. Network solutions include medical bill review, preferred-provider networks, pharmacy, Medicare, independent examinations, and CareIQ-directed care.
Combines local claims teams, a national provider network, and proprietary CareMC software in integrated programs, standalone services, or workflow add-ons. Revenue comes from one managed-care segment serving workers’ compensation, automobile, group-health, and other liability programs. Demand depends on claim volumes and customer outsourcing, while bill-review and rehabilitation work is shaped by state fee schedules, licensing rules, and workers’ compensation laws.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $255.9M · Total debt $28.4M · Total assets $689.7M · Shareholders' equity $408.9M
- Revenue
- $259.9M
- Operating income
- $43.3M
- Net income
- $32.2M
No dividends on record.
| Institutions | 55.49% | 28.03M shares | |
|---|---|---|---|
| 291 holders · as of Jun 30, 2026 | |||
| Insiders | 3.69% | 1.86M shares | |
| 11 holders · as of Sep 3, 2026 | |||
| Strategic holders | 36.66% | 18.52M shares | |
| 1 holder · as of Sep 15, 2026 | |||
| Other | 4.16% | 2.11M shares | |
| remainder | |||
50.52M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Corstar Holdings IncStrategic10 percent owner | 36.66% | 18.52M | filed Sep 15, 2026 |
BlackRock, Inc.Institution | 10.17% | 5.14M | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 9.01% | 4.55M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.40% | 1.72M | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 3.03% | 1.53M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Corstar Holdings Inc | 10 percent owner | −127,824 | $70.16 |
| Sep 11, 2026 | Corstar Holdings Inc | 10 percent owner | −30,925 | $69.05 |
| Sep 4, 2026 | Corstar Holdings Inc | 10 percent owner | −14,538 | $68.76 |
| Sep 3, 2026 | Corstar Holdings Inc | 10 percent owner | −51,713 | $68.91 |
| Sep 1, 2026 | R. Judd Jessup | director | −4,023 | $70.07 |
- Arthur J. Gallagher
Claims-administration and workers' comp TPA overlap
- Chubb
Claims TPA, managed-care, and risk-control overlap via ESIS
- UnitedHealth Group
Bill review, pharmacy, PPO, and ancillary-care overlap
- Old Republic International
Workers' comp TPA and cost-containment overlap via PMA
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CorVel | $73.13 | −0.63% | $3.75B | 32.7 | — | 3.8 | +10.7% |
| Arthur J. Gallagher | $229.67 | −0.34% | $59.20B | 38.2 | 16.3 | 3.8 | +22.8% |
| Chubb | $336.75 | +0.29% | $129.54B | 11.8 | 12.0 | 2.1 | −1.3% |
| UnitedHealth Group | $370.21 | −0.74% | $338.69B | 24.0 | 17.3 | 0.8 | +0.4% |
| Old Republic International | $38.73 | −0.13% | $9.45B | 8.5 | 12.0 | 1.0 | +13.4% |
| Median | 17.9 | 14.2 | 1.5 | +6.9% |