RLI Corp. (NYSE:RLI) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $41.67.

RLI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of RLI Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Monday, July 24th. FBR & Co reissued a “hold” rating on shares of RLI Corp. in a research note on Friday, July 21st. Keefe, Bruyette & Woods set a $51.00 price target on shares of RLI Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 18th. BidaskClub downgraded shares of RLI Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a $51.00 price target (up from $50.00) on shares of RLI Corp. in a research note on Friday, October 20th.

In related news, Director Michael J. Stone sold 991 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $57.40, for a total value of $56,883.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael E. Angelina bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $54.41 per share, for a total transaction of $54,410.00. The disclosure for this purchase can be found here. 6.09% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its holdings in RLI Corp. by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 19,597 shares of the insurance provider’s stock valued at $1,070,000 after acquiring an additional 77 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in RLI Corp. by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 32,402 shares of the insurance provider’s stock valued at $1,945,000 after acquiring an additional 89 shares during the last quarter. Stifel Financial Corp increased its holdings in RLI Corp. by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 20,371 shares of the insurance provider’s stock valued at $1,118,000 after acquiring an additional 91 shares during the last quarter. Arizona State Retirement System increased its holdings in RLI Corp. by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 19,994 shares of the insurance provider’s stock valued at $1,092,000 after acquiring an additional 100 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in RLI Corp. by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,180 shares of the insurance provider’s stock valued at $829,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.

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RLI Corp. (NYSE:RLI) traded down $0.27 during midday trading on Thursday, reaching $58.68. The company’s stock had a trading volume of 160,549 shares, compared to its average volume of 147,266. The stock has a market cap of $2,597.33, a PE ratio of 35.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35. RLI Corp. has a 52-week low of $50.34 and a 52-week high of $64.66.

RLI Corp. (NYSE:RLI) last released its earnings results on Wednesday, October 18th. The insurance provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.44). RLI Corp. had a net margin of 9.97% and a return on equity of 8.53%. The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $195.89 million. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. equities analysts anticipate that RLI Corp. will post 1.55 EPS for the current fiscal year.

About RLI Corp.

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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