Schwab Charles Investment Management Inc. grew its position in shares of RLI Corp. (NYSE:RLI) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,075 shares of the insurance provider’s stock after purchasing an additional 22,145 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.55% of RLI Corp. worth $13,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RLI. BlackRock Inc. raised its stake in shares of RLI Corp. by 11,386.7% during the first quarter. BlackRock Inc. now owns 4,695,862 shares of the insurance provider’s stock valued at $281,845,000 after purchasing an additional 4,654,981 shares during the period. State Street Corp raised its stake in shares of RLI Corp. by 9.1% during the first quarter. State Street Corp now owns 6,152,020 shares of the insurance provider’s stock valued at $369,239,000 after purchasing an additional 514,755 shares during the period. Vanguard Group Inc. raised its stake in shares of RLI Corp. by 7.3% during the first quarter. Vanguard Group Inc. now owns 4,163,098 shares of the insurance provider’s stock valued at $249,869,000 after purchasing an additional 284,228 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of RLI Corp. by 23.5% during the second quarter. Van Berkom & Associates Inc. now owns 834,074 shares of the insurance provider’s stock valued at $45,557,000 after purchasing an additional 158,744 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of RLI Corp. by 21.4% during the first quarter. Bank of America Corp DE now owns 174,942 shares of the insurance provider’s stock valued at $10,500,000 after purchasing an additional 30,817 shares during the period. Institutional investors own 82.91% of the company’s stock.

RLI has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of RLI Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub lowered shares of RLI Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of RLI Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co reiterated a “hold” rating on shares of RLI Corp. in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.50.

In other news, Director Michael J. Stone sold 3,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $57.95, for a total value of $173,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Stone sold 947 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $54.76, for a total value of $51,857.72. The disclosure for this sale can be found here. 6.09% of the stock is currently owned by corporate insiders.

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Shares of RLI Corp. (RLI) opened at 57.29 on Thursday. The company has a 50 day moving average of $54.39 and a 200-day moving average of $56.02. RLI Corp. has a 52 week low of $50.34 and a 52 week high of $69.39. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 25.35 and a beta of 1.24.

RLI Corp. (NYSE:RLI) last posted its quarterly earnings data on Wednesday, July 19th. The insurance provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. RLI Corp. had a return on equity of 10.10% and a net margin of 12.38%. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $198.09 million. During the same period in the prior year, the business earned $0.61 earnings per share. RLI Corp.’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that RLI Corp. will post $2.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were given a $0.21 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.47%. RLI Corp.’s dividend payout ratio is 37.17%.

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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Institutional Ownership by Quarter for RLI Corp. (NYSE:RLI)

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