RLI (NYSE:RLI – Get Free Report) posted its earnings results on Monday. The insurance provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.37, Briefing.com reports. The business had revenue of $416.44 million for the quarter, compared to analyst estimates of $561.60 million. RLI had a net margin of 20.78% and a return on equity of 18.89%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS.
RLI Price Performance
RLI stock opened at $141.64 on Thursday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 19.56 and a beta of 0.41. The company has a fifty day moving average price of $142.00 and a two-hundred day moving average price of $142.73. RLI has a one year low of $125.77 and a one year high of $149.20.
RLI Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from RLI’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. RLI’s payout ratio is presently 16.02%.
Analysts Set New Price Targets
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About RLI
RLI Corp., an insurance holding company, underwrites property and casualty insurance. 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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