RLI (NYSE:RLI) released its quarterly earnings results on Wednesday. The insurance provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06, Bloomberg Earnings reports. RLI had a return on equity of 11.51% and a net margin of 12.91%. The business had revenue of $228.79 million for the quarter, compared to the consensus estimate of $229.19 million.
Shares of NYSE:RLI opened at $97.69 on Friday. The stock’s 50-day moving average price is $91.81 and its 200-day moving average price is $86.84. RLI has a 12-month low of $64.48 and a 12-month high of $98.11. The stock has a market capitalization of $4.31 billion, a P/E ratio of 41.13 and a beta of 0.75. The company has a current ratio of 0.37, a quick ratio of 0.38 and a debt-to-equity ratio of 0.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.94%. RLI’s dividend payout ratio (DPR) is currently 44.88%.
In related news, Director Michael E. Angelina acquired 1,000 shares of RLI stock in a transaction dated Thursday, August 29th. The shares were purchased at an average cost of $90.79 per share, with a total value of $90,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Stone sold 1,433 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.67, for a total value of $132,796.11. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.
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