Signal Advisors Wealth LLC Has $618,000 Holdings in RLI Corp. $RLI

Signal Advisors Wealth LLC lessened its position in shares of RLI Corp. (NYSE:RLI) by 57.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,479 shares of the insurance provider’s stock after selling 12,781 shares during the period. Signal Advisors Wealth LLC’s holdings in RLI were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RLI. Oak Thistle LLC grew its holdings in RLI by 49.3% during the 3rd quarter. Oak Thistle LLC now owns 24,344 shares of the insurance provider’s stock worth $1,588,000 after acquiring an additional 8,035 shares during the period. Osaic Holdings Inc. boosted its position in shares of RLI by 63.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,634 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 1,020 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of RLI by 49.3% during the 2nd quarter. Squarepoint Ops LLC now owns 19,582 shares of the insurance provider’s stock valued at $1,414,000 after purchasing an additional 6,466 shares in the last quarter. State of Wyoming grew its stake in RLI by 13.8% during the second quarter. State of Wyoming now owns 6,209 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 753 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC increased its holdings in RLI by 2.6% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 16,494 shares of the insurance provider’s stock worth $1,191,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 77.89% of the company’s stock.

Analyst Upgrades and Downgrades

RLI has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of RLI in a report on Wednesday, October 8th. Truist Financial set a $62.00 target price on shares of RLI and gave the company a “hold” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RLI currently has an average rating of “Hold” and a consensus target price of $72.80.

RLI Stock Down 0.7%

Shares of NYSE:RLI opened at $65.60 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.35 and a current ratio of 0.35. RLI Corp. has a 52-week low of $57.75 and a 52-week high of $84.71. The business’s 50 day simple moving average is $62.33 and its two-hundred day simple moving average is $66.31. The firm has a market cap of $6.02 billion, a P/E ratio of 17.22 and a beta of 0.56.

RLI (NYSE:RLI) last released its quarterly earnings data on Monday, October 20th. The insurance provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.62 by $0.21. RLI had a return on equity of 16.51% and a net margin of 19.02%.The firm had revenue of $509.26 million during the quarter, compared to the consensus estimate of $444.75 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. As a group, research analysts forecast that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 28th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, November 28th. This represents a $0.64 annualized dividend and a yield of 1.0%. RLI’s dividend payout ratio is presently 16.80%.

RLI Company Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.