Somewhat Positive Press Coverage Somewhat Unlikely to Impact RLI Corp. (RLI) Share Price
News stories about RLI Corp. (NYSE:RLI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RLI Corp. earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.2600194048675 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- $198.31 Million in Sales Expected for RLI Corp. (RLI) This Quarter (americanbankingnews.com)
- RLI Corp. breached its 50 day moving average in a Bearish Manner : RLI-US : August 11, 2017 (finance.yahoo.com)
- German politicians and carmakers to hold second diesel summit (feeds.reuters.com)
- See what the IHS Markit Score report has to say about RLI Corp. (finance.yahoo.com)
- Zacks: Brokerages Anticipate RLI Corp. (RLI) to Announce $0.56 Earnings Per Share (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. BidaskClub lowered shares of RLI Corp. from a “hold” rating to a “sell” rating in a research note on Friday. FBR & Co reiterated a “hold” rating on shares of RLI Corp. in a research report on Thursday, April 20th. ValuEngine upgraded shares of RLI Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $51.00 target price on shares of RLI Corp. and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of RLI Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $47.00.
RLI Corp. (RLI) traded down 1.19% on Friday, hitting $54.93. 178,352 shares of the company were exchanged. RLI Corp. has a 52 week low of $52.51 and a 52 week high of $71.46. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 24.31 and a beta of 1.21. The stock has a 50 day moving average of $55.71 and a 200 day moving average of $57.14.
RLI Corp. (NYSE:RLI) last announced its earnings results on Wednesday, July 19th. The insurance provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09. RLI Corp. had a net margin of 12.38% and a return on equity of 10.10%. The firm had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $198.09 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts predict that RLI Corp. will post $2.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, August 29th. RLI Corp.’s dividend payout ratio (DPR) is presently 37.17%.
In other news, Director Michael J. Stone sold 3,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $57.95, for a total transaction of $173,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Stone sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $55.25, for a total transaction of $276,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,947 shares of company stock worth $501,958. Company insiders own 6.09% of the company’s stock.
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RLI Corp. Company Profile
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.
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