Nepsis Inc. Grows Position in RLI Corp. $RLI

Nepsis Inc. lifted its position in RLI Corp. (NYSE:RLI) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,191 shares of the insurance provider’s stock after purchasing an additional 89,969 shares during the quarter. RLI accounts for 5.7% of Nepsis Inc.’s portfolio, making the stock its 2nd largest position. Nepsis Inc. owned about 0.31% of RLI worth $18,502,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in RLI in the 3rd quarter valued at $26,000. Clarity Asset Management Inc. acquired a new position in shares of RLI in the 2nd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of RLI by 156.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 464 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 283 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of RLI by 72.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 618 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 259 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of RLI during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 77.89% of the company’s stock.

RLI Stock Performance

Shares of NYSE:RLI opened at $56.37 on Friday. The business has a fifty day moving average of $60.13 and a 200-day moving average of $62.01. RLI Corp. has a twelve month low of $55.80 and a twelve month high of $81.79. The firm has a market cap of $5.18 billion, a PE ratio of 12.93 and a beta of 0.50.

RLI (NYSE:RLI) last issued its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.18. The business had revenue of $465.69 million for the quarter, compared to the consensus estimate of $447.53 million. RLI had a net margin of 21.43% and a return on equity of 18.67%. During the same quarter in the prior year, the company earned $0.41 EPS. On average, analysts anticipate that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, March 2nd. RLI’s dividend payout ratio is 14.68%.

Insider Buying and Selling

In related news, CEO Craig W. Kliethermes acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was purchased at an average price of $57.45 per share, for a total transaction of $287,250.00. Following the transaction, the chief executive officer directly owned 143,990 shares of the company’s stock, valued at approximately $8,272,225.50. This trade represents a 3.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer L. Klobnak acquired 2,000 shares of RLI stock in a transaction on Friday, January 23rd. The shares were purchased at an average cost of $57.99 per share, for a total transaction of $115,980.00. Following the acquisition, the chief operating officer owned 100,318 shares in the company, valued at approximately $5,817,440.82. This represents a 2.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on RLI shares. Wells Fargo & Company set a $59.00 target price on shares of RLI and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods upgraded shares of RLI from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Citizens Jmp reaffirmed a “market perform” rating on shares of RLI in a report on Friday, January 23rd. Zacks Research lowered RLI from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group raised RLI from an “underperform” rating to a “hold” rating and set a $52.00 target price for the company in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, RLI has a consensus rating of “Hold” and an average price target of $65.20.

RLI Company Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.