Somewhat Favorable News Coverage Somewhat Unlikely to Affect RLI (NYSE:RLI) Share Price

Media headlines about RLI (NYSE:RLI) have trended somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RLI earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 47.3359585039612 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

RLI stock traded up $0.51 during midday trading on Friday, reaching $76.97. The stock had a trading volume of 93,100 shares, compared to its average volume of 152,922. RLI has a 12 month low of $50.34 and a 12 month high of $78.42. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 47.15 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.35.

RLI (NYSE:RLI) last issued its earnings results on Wednesday, July 18th. The insurance provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. RLI had a return on equity of 9.13% and a net margin of 12.91%. The business had revenue of $211.10 million during the quarter, compared to analyst estimates of $208.39 million. During the same period in the previous year, the company posted $0.61 EPS. sell-side analysts expect that RLI will post 2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, August 30th. RLI’s dividend payout ratio is currently 54.66%.

RLI has been the topic of a number of recent analyst reports. Zacks Investment Research raised RLI from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Monday, July 23rd. Royal Bank of Canada raised RLI from an “underperform” rating to a “sector perform” rating in a research note on Friday, July 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $57.00 target price on shares of RLI in a research report on Friday, July 20th. ValuEngine raised RLI from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, B. Riley boosted their target price on RLI from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.25.

In other RLI news, Director Michael J. Stone sold 1,423 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $65.74, for a total transaction of $93,548.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.09% 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.

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

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