Crawford & Company's Class B shares screen cheap on a PEG basis with strong cash conversion, but a value-trap flag citing a steep revenue decline sits in tension with milder growth data elsewhere in the record, both the momentum and asymmetry gates have failed in a range-bound setup, and three of the last four quarters missed earnings, keeping conviction and position sizing at essentially zero.
Thesis pillars
- Quality Below Investability Floor→Stable
- Attractive Valuation On Peg Basis→Stable
- Value Trap Flag With Data Discrepancy→Stable
- +2 more pillars — see the Why tab for full reasoning
Crawford & Company (CRD-B) Stock Analysis
Inst Constrain edge
Financial Services · Insurance Brokers
Sell if holding. Engine safety override at $10.22: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality.
Crawford & Company is a claims management and outsourcing provider operating through four segments — International Operations, Broadspire, North America Loss Adjusting, and Platform Solutions — serving insurance carriers, brokers, and self-insured corporations in more than 70... Read more
Sell if holding. Engine safety override at $10.22: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.4/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 27d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Crawford & Company
About Crawford & Company
Crawford & Company generated $1.266 billion in total revenues before reimbursements in 2025 across four geographic segments, split between International Operations at 34.6%, Broadspire at 31.8%, North America Loss Adjusting at 24.1%, and Platform Solutions at 9.5%. The Atlanta-based claims management and outsourcing provider serves insurance carriers, brokers, and self-insured corporations across more than 70 countries, employing approximately 9,943 employees and third-party associates as of December 31, 2025.
Crawford earns fee-based revenue for claims administration, adjusting, and third-party-administration services rather than underwriting risk itself, billing insurance carriers and self-insured entities for referred claim volumes. The Broadspire segment provides workers' compensation, disability, and medical-management services to U.S. corporations, brokers, and insurers, while North America Loss Adjusting and International Operations handle property, casualty, and marine claims across the U.S., Canada, the U.K., Europe, Australia, Asia, and Latin America. Platform Solutions, the smallest segment at 9.5% of revenue, runs Contractor Connection's managed-repair network alongside catastrophe staffing and subrogation recovery services. Demand across all four segments tracks industry-wide claims volumes, which the company says depend on the insurance underwriting cycle, weather events, and how much claims handling insurers choose to outsource rather than manage internally.
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Client concentration varies sharply by segment: two customers in the Platform Solutions segment accounted for more than 10% of that segment's revenue in 2025, following three customers exceeding that threshold in each of 2024 and 2023, making Platform Solutions' growth sensitive to a small client roster even as Crawford discloses no single customer reaches 10% of consolidated revenue. International Operations, at over a third of total revenue, adds currency and cross-border regulatory exposure the company says could disproportionately affect results if claim referral volumes in the U.K., Europe, or Latin America soften relative to the North American business.
See also: Financial Services · Insurance Brokers
From Crawford & Company's most recent 10-K filing, extracted July 6, 2026.
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Thesis
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Quality Signals
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $10.22: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $9.50. Score 5.4/10, moderate confidence.
Take-profit target: $11.90 (+16.4% upside). Prior stop was $9.50. Stop-loss: $9.50.
Quality below floor (3.6 < 4.0).
Crawford & Company trades at a P/E of 29.7 (forward 9.9). TrendMatrix value score: 8.5/10. Verdict: Sell.
11 analysts cover CRD-B with a consensus score of 4.4/5. Average price target: $14.
What does Crawford & Company do?Crawford & Company is a claims management and outsourcing provider operating through four segments — International...
Crawford & Company is a claims management and outsourcing provider operating through four segments — International Operations, Broadspire, North America Loss Adjusting, and Platform Solutions — serving insurance carriers, brokers, and self-insured corporations in more than 70 countries. The company generated $1.266 billion in total revenues before reimbursements in 2025, billing clients on a fee basis for claims adjusting, third-party administration, and contractor-network services.