RLI (NYSE:RLI) Releases Earnings Results, Beats Expectations By $0.22 EPS

RLI (NYSE:RLI) posted its quarterly earnings data on Tuesday. The insurance provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22, MarketWatch Earnings reports. The business had revenue of $287.33 million for the quarter, compared to analyst estimates of $243.09 million. RLI had a return on equity of 11.05% and a net margin of 13.42%. The company’s revenue was up 143.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share.

NYSE RLI traded down $3.08 during trading hours on Thursday, hitting $113.89. 9,680 shares of the stock were exchanged, compared to its average volume of 130,124. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 40.83 and a beta of 0.37. RLI has a 12-month low of $66.31 and a 12-month high of $117.84. The stock has a 50-day moving average of $113.19 and a 200 day moving average of $102.46. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.14.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Friday, February 26th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, February 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.84%. RLI’s dividend payout ratio (DPR) is 37.35%.

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of RLI from $95.00 to $102.00 and gave the stock a “sector perform” rating in a research note on Friday, January 29th. They noted that the move was a valuation call. Compass Point upped their price objective on shares of RLI from $93.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, January 6th. Finally, B. Riley upped their price objective on shares of RLI from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. RLI presently has an average rating of “Hold” and a consensus target price of $109.25.

About RLI

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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Earnings History for RLI (NYSE:RLI)

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