RLI (NYSE:RLI) Sets New 1-Year High at $99.68

RLI Corp (NYSE:RLI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $99.68 and last traded at $99.27, with a volume of 925 shares. The stock had previously closed at $98.03.

Several research firms have recently commented on RLI. Zacks Investment Research upgraded RLI from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a report on Monday, October 21st. B. Riley reiterated a “neutral” rating on shares of RLI in a report on Tuesday, October 15th. Royal Bank of Canada set a $95.00 price objective on RLI and gave the stock a “hold” rating in a report on Friday, October 18th. JMP Securities reiterated a “hold” rating on shares of RLI in a report on Monday, September 23rd. Finally, ValuEngine downgraded RLI from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $83.50.

The stock has a market cap of $4.37 billion, a PE ratio of 48.44 and a beta of 0.73. The company has a fifty day moving average price of $94.72 and a 200 day moving average price of $90.10. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.15.

RLI (NYSE:RLI) last posted its earnings results on Wednesday, October 16th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $228.79 million for the quarter, compared to analysts’ expectations of $229.19 million. RLI had a return on equity of 11.51% and a net margin of 12.91%. As a group, research analysts predict that RLI Corp will post 2.47 earnings per share for the current year.

The firm also recently announced a None dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $1.23 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.9%. RLI’s payout ratio is presently 44.88%.

In other news, Director Michael E. Angelina acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average cost of $90.79 per share, with a total value of $90,790.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Stone sold 1,433 shares of RLI stock in a transaction that occurred on 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 owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in RLI in the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC acquired a new stake in RLI in the second quarter worth about $56,000. KBC Group NV acquired a new stake in RLI in the second quarter worth about $122,000. HM Payson & Co. acquired a new stake in RLI in the second quarter worth about $133,000. Finally, Quantamental Technologies LLC lifted its holdings in RLI by 2,535.2% in the second quarter. Quantamental Technologies LLC now owns 1,871 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 1,800 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.


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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