RLI (NYSE:RLI – Get Free Report) issued its quarterly earnings data on Monday. The insurance provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.26, Briefing.com reports. The business had revenue of $444.80 million for the quarter, compared to analyst estimates of $460.05 million. RLI had a return on equity of 17.77% and a net margin of 20.96%. RLI’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.
RLI Price Performance
Shares of RLI stock traded up $1.95 on Wednesday, reaching $147.71. The company’s stock had a trading volume of 219,425 shares, compared to its average volume of 176,061. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. RLI has a 12-month low of $123.04 and a 12-month high of $149.20. The company has a market capitalization of $6.75 billion, a P/E ratio of 22.20 and a beta of 0.37. The stock’s 50 day simple moving average is $144.54 and its 200-day simple moving average is $138.85.
RLI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were given a $0.27 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.73%. RLI’s dividend payout ratio (DPR) is presently 16.31%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on RLI
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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