Brokerages expect RLI Corp. (NYSE:RLI) to announce $217.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for RLI’s earnings, with estimates ranging from $216.90 million to $219.03 million. RLI reported sales of $202.74 million in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The business is scheduled to issue its next earnings results on Wednesday, January 23rd.

On average, analysts expect that RLI will report full-year sales of $849.21 million for the current fiscal year, with estimates ranging from $846.90 million to $851.52 million. For the next year, analysts expect that the business will post sales of $896.99 million, with estimates ranging from $888.80 million to $905.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow RLI.

RLI (NYSE:RLI) last issued its earnings results on Wednesday, October 17th. The insurance provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The firm had revenue of $217.13 million during the quarter, compared to analyst estimates of $214.55 million. RLI had a net margin of 16.64% and a return on equity of 11.39%.

RLI has been the topic of several analyst reports. Zacks Investment Research cut shares of RLI from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. B. Riley increased their price target on shares of RLI from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. RLI has a consensus rating of “Hold” and an average price target of $69.33.

NYSE:RLI traded down $0.72 during mid-day trading on Friday, hitting $67.61. The stock had a trading volume of 133,200 shares, compared to its average volume of 110,537. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 41.92 and a beta of 1.15. RLI has a twelve month low of $58.50 and a twelve month high of $79.98. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.17.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Shareholders of record on Friday, November 30th were paid a $0.22 dividend. The ex-dividend date was Thursday, November 29th. This represents a $0.88 annualized dividend and a yield of 1.30%. RLI’s dividend payout ratio is currently 54.66%.

In other RLI news, Director Michael J. Stone sold 1,540 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $67.07, for a total value of $103,287.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.54% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue grew its position in shares of RLI by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 13,090 shares of the insurance provider’s stock worth $903,000 after acquiring an additional 250 shares during the last quarter. Vanguard Group Inc grew its position in shares of RLI by 2.0% during the third quarter. Vanguard Group Inc now owns 4,597,534 shares of the insurance provider’s stock worth $361,274,000 after acquiring an additional 90,178 shares during the last quarter. Vanguard Group Inc. grew its position in shares of RLI by 2.0% during the third quarter. Vanguard Group Inc. now owns 4,597,534 shares of the insurance provider’s stock worth $361,274,000 after acquiring an additional 90,178 shares during the last quarter. Morgan Stanley grew its position in shares of RLI by 5.4% during the third quarter. Morgan Stanley now owns 229,755 shares of the insurance provider’s stock worth $18,055,000 after acquiring an additional 11,859 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of RLI by 6.5% during the third quarter. Legal & General Group Plc now owns 102,533 shares of the insurance provider’s stock worth $8,040,000 after acquiring an additional 6,273 shares during the last quarter. Institutional investors own 87.89% of the company’s stock.

About RLI

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, real estate investment trusts, and mercantile.

Further Reading: Growth Stocks, What They Are, What They Are Not

Get a free copy of the Zacks research report on RLI (RLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.