CorVel CEO Michael Combs Sells Shares in Planned Transaction

Michael Combs, CEO of CorVel, sold 500 shares in a planned move, raising $30,395.

Written by Trueearnings · Published Jun 15, 2026, 10:00 PM EDT

Key Points

CorVel CEO Michael Combs sold 500 shares on June 12, 2026, for $60.79 each, totaling $30,395.
CorVel's market cap stands at approximately $3.06 billion, with shares trading near $60.34.
BlackRock and State Street Corp increased their holdings in CorVel, while Kayne Anderson Rudnick reduced its stake.

On June 12, 2026, Michael Combs, CEO and President of CorVel Corporation, sold 500 shares of the company in a planned transaction. The shares were sold at an average price of $60.79, amounting to a total sale of $30,395. This insider activity was part of a pre-arranged trading plan.

Other Institutional Activity in CorVel

Several major institutional investors adjusted their positions in CorVel Corporation recently. BlackRock, Inc. added 82,181 shares, bringing its total to 4,876,896 shares valued at approximately $266.5 million. Meanwhile, Kayne Anderson Rudnick Investment Management LLC reduced its holdings by 118,660 shares, now holding 4,870,989 shares worth about $266.2 million. Vanguard Portfolio Management LLC initiated a position with 1,691,399 shares valued at around $92.4 million. Renaissance Technologies LLC trimmed its stake by 68,500 shares, leaving it with 1,617,830 shares valued at $88.4 million. State Street Corp increased its holdings by 29,619 shares, reaching a total of 1,209,191 shares worth approximately $66.1 million.

CorVel Stock Snapshot

Shares of NasdaqGS:CRVL traded near $60.34 as of the latest update. CorVel Corporation has a market capitalization of about $3.06 billion and a P/E ratio of 28.2. The stock's 52-week range spans from a low of $44.83 to a high of $105.69. It has a 50-day moving average of $57.94 and a 200-day moving average of $65.55. CorVel's current ratio is 2.03, with a quick ratio of 1.47 and a debt-to-equity ratio of 7.13.

Insider Buying and Selling at CorVel Corporation

In addition to Michael Combs' planned sale, other insider transactions at CorVel included Maxim Shishin, Chief Information Officer, selling 2,250 shares without a planned transaction and buying the same amount at $52.65. Judd Jessup sold 2,153 shares at $60.79 on June 11, 2026, and purchased 9,000 shares at $14.44.

About CorVel Corporation

CorVel Corporation is a financial services company based in Fort Worth, Texas. It specializes in providing workers' compensation and healthcare management solutions. The company uses technology like artificial intelligence and machine learning to manage healthcare costs and improve care quality. CorVel serves employers, insurance companies, and government agencies, offering services such as claims management, bill review, and patient management.

Bottom Line

Michael Combs' recent sale of CorVel shares was part of a pre-planned trading strategy, reflecting a routine insider transaction. Investors often track insider activity for potential insights, though it doesn't necessarily indicate future stock performance. CorVel remains a significant player in the insurance brokers' sector, with its institutional investors adjusting their stakes based on market conditions.