RLI Corp. (NYSE:RLI) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.75.

Several research analysts have commented on the stock. Royal Bank Of Canada lowered shares of RLI Corp. from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $61.00 to $53.00 in a report on Friday, December 9th. Zacks Investment Research lowered shares of RLI Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Canaccord Genuity reiterated a “hold” rating and issued a $23.00 price target (up from $21.00) on shares of RLI Corp. in a research note on Friday, December 23rd. Finally, RBC Capital Markets lowered shares of RLI Corp. from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $61.00 to $53.00 in a research note on Thursday, December 8th. They noted that the move was a valuation call.

In related news, Director Michael J. Stone sold 1,008 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $61.87, for a total value of $62,364.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Angelina purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average price of $60.85 per share, with a total value of $30,425.00. The disclosure for this purchase can be found here. 6.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its position in shares of RLI Corp. by 5.0% in the third quarter. LPL Financial LLC now owns 15,188 shares of the company’s stock valued at $1,027,000 after buying an additional 730 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of RLI Corp. by 88.4% in the third quarter. Ameritas Investment Partners Inc. now owns 5,585 shares of the company’s stock valued at $382,000 after buying an additional 2,621 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of RLI Corp. by 130.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 15,422 shares of the company’s stock valued at $1,054,000 after buying an additional 8,738 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of RLI Corp. during the third quarter valued at about $1,742,000. Finally, Polar Capital LLP raised its position in shares of RLI Corp. by 4.6% in the third quarter. Polar Capital LLP now owns 170,000 shares of the company’s stock valued at $11,621,000 after buying an additional 7,500 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

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RLI Corp. (NYSE:RLI) opened at 59.58 on Wednesday. The stock has a market capitalization of $2.62 billion, a PE ratio of 22.65 and a beta of 1.09. The firm has a 50-day moving average of $61.66 and a 200-day moving average of $65.08. RLI Corp. has a 1-year low of $54.27 and a 1-year high of $71.46.

RLI Corp. (NYSE:RLI) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.21. RLI Corp. had a return on equity of 10.42% and a net margin of 14.37%. The company earned $206.40 million during the quarter, compared to the consensus estimate of $196.79 million. During the same quarter last year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that RLI Corp. will post $1.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Wednesday, November 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. RLI Corp.’s payout ratio is 30.53%.

RLI Corp. Company Profile

RLI Corp. is a specialty insurance company. The Company operates through three segments: Casualty, Property and Surety. The Casualty segment consists of general liability, personal umbrella, transportation, executive products and commercial umbrella coverages, as well as package business and other specialty coverages.

5 Day Chart for NYSE:RLI

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