RLI Corp. (NYSE:RLI) – Equities research analysts at William Blair issued their Q3 2017 EPS estimates for shares of RLI Corp. in a note issued to investors on Monday. William Blair analyst A. Klauber forecasts that the insurance provider will earn $0.05 per share for the quarter. William Blair also issued estimates for RLI Corp.’s FY2017 earnings at $1.58 EPS and FY2018 earnings at $1.84 EPS.

RLI Corp. (NYSE:RLI) last issued its quarterly earnings results on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.44). The business had revenue of $196.20 million during the quarter, compared to analyst estimates of $195.89 million. RLI Corp. had a net margin of 9.97% and a return on equity of 8.53%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. WARNING: “Analysts Offer Predictions for RLI Corp.’s Q3 2017 Earnings (RLI)” was published by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.watchlistnews.com/analysts-offer-predictions-for-rli-corp-s-q3-2017-earnings-rli/1644876.html.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of RLI Corp. from $50.00 to $51.00 and gave the company an “underperform” rating in a report on Friday. Keefe, Bruyette & Woods set a $51.00 target price on shares of RLI Corp. and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of RLI Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. BidaskClub cut shares of RLI Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, FBR & Co reaffirmed a “hold” rating on shares of RLI Corp. in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.75.

Shares of RLI Corp. (NYSE:RLI) opened at 58.03 on Thursday. RLI Corp. has a 12 month low of $50.34 and a 12 month high of $64.66. The firm has a market capitalization of $2.56 billion, a P/E ratio of 25.68 and a beta of 1.24. The stock has a 50 day moving average price of $55.86 and a 200 day moving average price of $55.85.

In other RLI Corp. news, Director Michael J. Stone sold 991 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $57.40, for a total value of $56,883.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Stone sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $57.95, for a total transaction of $173,850.00. The disclosure for this sale can be found here. 6.09% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan raised its holdings in RLI Corp. by 0.7% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,730 shares of the insurance provider’s stock valued at $524,000 after acquiring an additional 60 shares during the period. Jennison Associates LLC raised its holdings in RLI Corp. by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 19,597 shares of the insurance provider’s stock valued at $1,070,000 after acquiring an additional 77 shares during the period. Public Employees Retirement System of Ohio raised its holdings in RLI Corp. by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 32,402 shares of the insurance provider’s stock valued at $1,945,000 after acquiring an additional 89 shares during the period. Stifel Financial Corp raised its holdings in RLI Corp. by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 20,371 shares of the insurance provider’s stock valued at $1,118,000 after acquiring an additional 91 shares during the period. Finally, Arizona State Retirement System raised its holdings in RLI Corp. by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 19,994 shares of the insurance provider’s stock valued at $1,092,000 after acquiring an additional 100 shares during the period. 82.92% of the stock is currently owned by hedge funds and other institutional investors.

About RLI Corp.

RLI Corp. is a specialty insurance company. The Company underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It operates through Casualty, Property and Surety segments. Its Casualty segment consists of commercial and personal umbrella, general liability, commercial transportation, professional services, small commercial, executive products, medical professional liability and other casualty businesses.

Earnings History and Estimates for RLI Corp. (NYSE:RLI)

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