Oregon Public Employees Retirement Fund Has $1.19 Million Holdings in RLI Corp. (NYSE:RLI)

Oregon Public Employees Retirement Fund boosted its stake in shares of RLI Corp. (NYSE:RLIGet Rating) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,623 shares of the insurance provider’s stock after buying an additional 191 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in RLI were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in shares of RLI by 4.3% in the first quarter. Mackenzie Financial Corp now owns 2,171 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 89 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of RLI by 1.0% in the first quarter. Lazard Asset Management LLC now owns 8,927 shares of the insurance provider’s stock valued at $986,000 after buying an additional 89 shares in the last quarter. Securian Asset Management Inc. boosted its position in RLI by 2.8% during the second quarter. Securian Asset Management Inc. now owns 3,641 shares of the insurance provider’s stock worth $425,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System boosted its position in RLI by 1.0% during the third quarter. State of Michigan Retirement System now owns 10,216 shares of the insurance provider’s stock worth $1,046,000 after purchasing an additional 100 shares during the period. Finally, Parallel Advisors LLC boosted its position in RLI by 30.3% during the second quarter. Parallel Advisors LLC now owns 456 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of RLI in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Compass Point reduced their target price on shares of RLI to $150.00 in a research report on Wednesday, October 5th.

RLI Stock Down 1.3 %

RLI stock opened at $133.06 on Monday. The company has a market cap of $6.04 billion, a PE ratio of 10.49 and a beta of 0.46. The business has a 50-day simple moving average of $131.70 and a 200 day simple moving average of $120.05. RLI Corp. has a 52 week low of $96.22 and a 52 week high of $140.69. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.04.

RLI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Wednesday, November 30th were issued a $7.26 dividend. The ex-dividend date was Tuesday, November 29th. This is a boost from RLI’s previous quarterly dividend of $0.26. This represents a $29.04 annualized dividend and a yield of 21.82%. RLI’s dividend payout ratio is presently 8.20%.

About RLI

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RLI Corp. operates as a holding company, which engages in the provision of insurance and underwriting services. It operates through the following segments: Casualty, Property and Surety. The Casualty segment offers healthcare and transportation insurance. The Property segment consists of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop and select personal lines policies, including pet insurance and homeowners reinsurance services.

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Institutional Ownership by Quarter for RLI (NYSE:RLI)

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