RLI Corp (NYSE:RLI) Director Michael J. Stone sold 1,437 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $71.55, for a total value of $102,817.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of RLI stock traded up $0.49 on Friday, reaching $79.85. The company’s stock had a trading volume of 163,098 shares, compared to its average volume of 130,579. The stock has a market capitalization of $3.51 billion, a PE ratio of 38.95 and a beta of 0.93. RLI Corp has a 52-week low of $62.30 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.37 and a quick ratio of 0.37.
RLI (NYSE:RLI) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. RLI had a return on equity of 11.36% and a net margin of 13.11%. The business had revenue of $221.25 million during the quarter. On average, equities research analysts anticipate that RLI Corp will post 2.3 EPS for the current fiscal year.
A number of analysts have recently commented on RLI shares. TheStreet upgraded RLI from a “c” rating to an “a-” rating in a research report on Thursday, April 18th. Zacks Investment Research cut RLI from a “buy” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Compass Point started coverage on RLI in a research report on Tuesday, January 15th. They issued a “sell” rating and a $48.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.50.
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, and mercantile.
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