RLI (NYSE:RLI) had its price target boosted by Keefe, Bruyette & Woods from $81.00 to $88.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have a market perform rating on the insurance provider’s stock.

RLI has been the topic of several other reports. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a research note on Thursday, May 9th. TheStreet cut WCF Bancorp from a c rating to a d+ rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $75.00.

Shares of RLI stock opened at $88.96 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $87.69. The stock has a market cap of $3.96 billion, a PE ratio of 43.40 and a beta of 0.79. RLI has a one year low of $64.48 and a one year high of $91.49.

RLI (NYSE:RLI) last announced its quarterly earnings results on Wednesday, July 17th. The insurance provider reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. The business had revenue of $224.54 million for the quarter, compared to analysts’ expectations of $227.16 million. RLI had a return on equity of 11.34% and a net margin of 13.63%. During the same period in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts forecast that RLI will post 2.3 earnings per share for the current year.

In other news, Director Michael J. Stone sold 1,433 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $85.61, for a total transaction of $122,679.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Stone sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $79.19, for a total value of $1,187,850.00. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in RLI during the 4th quarter worth $22,559,000. JPMorgan Chase & Co. increased its holdings in RLI by 21.3% in the first quarter. JPMorgan Chase & Co. now owns 1,482,889 shares of the insurance provider’s stock valued at $106,397,000 after buying an additional 260,243 shares during the last quarter. Deutsche Bank AG increased its holdings in RLI by 91.6% in the fourth quarter. Deutsche Bank AG now owns 157,999 shares of the insurance provider’s stock valued at $10,898,000 after buying an additional 75,522 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of RLI by 492.9% during the second quarter. WINTON GROUP Ltd now owns 58,039 shares of the insurance provider’s stock worth $4,975,000 after purchasing an additional 48,250 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its position in RLI by 24.2% in the first quarter. Global Alpha Capital Management Ltd. now owns 199,204 shares of the insurance provider’s stock valued at $14,293,000 after purchasing an additional 38,800 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

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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