RLI Corp. (NYSE:RLI) Director Michael J. Stone sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $59.68, for a total transaction of $119,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RLI Corp. (RLI) traded down $1.07 during trading on Wednesday, hitting $58.42. 193,800 shares of the stock traded hands, compared to its average volume of 159,142. RLI Corp. has a 52 week low of $50.34 and a 52 week high of $64.03. The firm has a market capitalization of $2,621.12, a price-to-earnings ratio of 36.06 and a beta of 1.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.17.

RLI (NYSE:RLI) last released its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.44). RLI had a return on equity of 8.53% and a net margin of 9.97%. The business had revenue of $196.20 million during the quarter, compared to analyst estimates of $195.89 million. During the same period in the previous year, the company earned $0.37 EPS. RLI’s revenue was down 4.9% on a year-over-year basis. sell-side analysts forecast that RLI Corp. will post 1.55 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Thursday, November 30th will be given a $1.75 dividend. This represents a dividend yield of 1.42%. The ex-dividend date is Wednesday, November 29th. RLI’s payout ratio is currently 46.67%.

RLI has been the subject of several research analyst reports. Zacks Investment Research raised shares of RLI from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $51.00 price target on shares of RLI and gave the stock a “hold” rating in a research report on Wednesday, October 18th. B. Riley reaffirmed a “neutral” rating on shares of RLI in a research report on Monday, November 6th. BidaskClub lowered shares of RLI from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a $51.00 price objective (up previously from $50.00) on shares of RLI in a research report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. RLI has a consensus rating of “Hold” and an average price target of $46.75.

Institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its position in shares of RLI by 60.3% in the second quarter. Flinton Capital Management LLC now owns 2,000 shares of the insurance provider’s stock worth $109,000 after acquiring an additional 752 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of RLI by 64.0% in the second quarter. Riverhead Capital Management LLC now owns 2,296 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 896 shares during the period. Zions Bancorporation purchased a new position in shares of RLI in the third quarter valued at $145,000. Bank of Montreal Can boosted its stake in shares of RLI by 5.8% in the second quarter. Bank of Montreal Can now owns 2,549 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 139 shares during the period. Finally, Shelton Capital Management purchased a new position in shares of RLI in the second quarter valued at $208,000. 83.70% of the stock is owned by institutional investors.

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About RLI

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.

Insider Buying and Selling by Quarter for RLI (NYSE:RLI)

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