Nisa Investment Advisors LLC lifted its position in RLI Corp. (NYSE:RLI) by 44.3% in the 4th quarter, HoldingsChannel reports. The fund owned 49,510 shares of the insurance provider’s stock after buying an additional 15,200 shares during the period. Nisa Investment Advisors LLC’s holdings in RLI were worth $3,003,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in shares of RLI by 0.4% in the second 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of RLI by 0.7% in the second 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 in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of RLI by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,638 shares of the insurance provider’s stock valued at $1,783,000 after acquiring an additional 236 shares in the last quarter. Amalgamated Bank raised its holdings in shares of RLI by 5.0% in the second quarter. Amalgamated Bank now owns 5,306 shares of the insurance provider’s stock valued at $290,000 after acquiring an additional 253 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of RLI by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 30,117 shares of the insurance provider’s stock valued at $1,646,000 after acquiring an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

In other news, Director Michael J. Stone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.33, for a total transaction of $120,660.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert P. Restrepo, Jr. purchased 1,026 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $59.30 per share, for a total transaction of $60,841.80. Following the purchase, the director now directly owns 8,026 shares of the company’s stock, valued at approximately $475,941.80. The disclosure for this purchase can be found here. Insiders sold 5,141 shares of company stock valued at $307,795 over the last quarter. 6.09% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on RLI. Zacks Investment Research upgraded RLI from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $51.00 target price on shares of RLI and gave the stock a “hold” rating in a report on Wednesday, October 18th. B. Riley reiterated a “neutral” rating on shares of RLI in a report on Monday, November 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $51.00 target price (up from $50.00) on shares of RLI in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.67.

RLI Corp. (NYSE RLI) opened at $58.71 on Friday. The company has a market cap of $2,620.68, a PE ratio of 32.62 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 Corp. has a fifty-two week low of $50.34 and a fifty-two week high of $62.00.

RLI (NYSE:RLI) last announced 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). The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $195.89 million. RLI had a return on equity of 8.53% and a net margin of 9.97%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. equities analysts predict that RLI Corp. will post 1.56 EPS for the current fiscal year.

The company also recently announced a special dividend, which was paid on Wednesday, December 27th. Shareholders of record on Thursday, November 30th were issued a $1.75 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a yield of 1.42%. RLI’s dividend payout ratio is presently 46.67%.

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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.

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Institutional Ownership by Quarter for RLI (NYSE:RLI)

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