RLI (NYSE:RLI) announced its quarterly earnings data on Tuesday. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.31, MarketWatch Earnings reports. RLI had a return on equity of 11.48% and a net margin of 25.27%. The company had revenue of $298.08 million for the quarter, compared to the consensus estimate of $251.61 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue was down .1% compared to the same quarter last year.
RLI traded down $2.72 during midday trading on Thursday, reaching $104.03. 5,678 shares of the company were exchanged, compared to its average volume of 128,234. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a fifty day moving average of $105.06. The company has a market cap of $4.70 billion, a P/E ratio of 16.52 and a beta of 0.37. RLI has a one year low of $81.20 and a one year high of $117.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Friday, May 28th were issued a dividend of $0.25 per share. This is a positive change from RLI’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 27th. RLI’s payout ratio is currently 38.61%.
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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