RLI Corp (NYSE:RLI) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $83.50.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised RLI from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a report on Monday, October 21st. JMP Securities restated a “hold” rating on shares of RLI in a research note on Monday, September 23rd. ValuEngine downgraded RLI from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their price target on RLI from $81.00 to $88.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, B. Riley restated a “neutral” rating on shares of RLI in a research note on Tuesday, October 15th.

Shares of NYSE:RLI traded up $0.15 during trading on Monday, reaching $97.61. The company had a trading volume of 144,829 shares, compared to its average volume of 136,093. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 47.61 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s fifty day moving average price is $94.39 and its 200 day moving average price is $89.74. RLI has a fifty-two week low of $64.48 and a fifty-two week high of $99.51.

RLI (NYSE:RLI) last released its earnings results on Wednesday, October 16th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The business had revenue of $228.79 million for the quarter, compared to analyst estimates of $229.19 million. RLI had a return on equity of 11.51% and a net margin of 12.91%. On average, equities analysts anticipate that RLI will post 2.47 EPS for the current fiscal year.

In other RLI news, Director Michael E. Angelina purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $90.79 per share, for a total transaction of $90,790.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Stone sold 1,433 shares of RLI stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $92.67, for a total value of $132,796.11. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of RLI. FMR LLC boosted its stake in shares of RLI by 6.2% in the first quarter. FMR LLC now owns 2,342 shares of the insurance provider’s stock valued at $168,000 after buying an additional 136 shares in the last quarter. WINTON GROUP Ltd boosted its position in 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 in the last quarter. Zions Bancorporation N.A. boosted its position in RLI by 6.1% during the second quarter. Zions Bancorporation N.A. now owns 2,793 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 160 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in RLI during the second quarter worth $1,457,000. Finally, Oregon Public Employees Retirement Fund boosted its position in RLI by 2.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 15,462 shares of the insurance provider’s stock worth $1,325,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

RLI Company Profile

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.

See Also: Catch-Up Contributions

Analyst Recommendations for RLI (NYSE:RLI)

Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.