RLI (NYSE:RLI – Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect RLI to post earnings of $1.05 per share and revenue of $435,020.80 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
RLI (NYSE:RLI – Get Free Report) last posted its earnings results on Monday, October 21st. The insurance provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.49 by $0.17. RLI had a return on equity of 19.03% and a net margin of 23.77%. The business had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $491.54 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue was up 41.7% on a year-over-year basis. On average, analysts expect RLI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
RLI Stock Down 0.1 %
NYSE:RLI opened at $77.79 on Tuesday. RLI has a twelve month low of $67.04 and a twelve month high of $91.14. The stock has a market cap of $3.56 billion, a P/E ratio of 8.55 and a beta of 0.47. The business’s 50-day moving average price is $83.90 and its two-hundred day moving average price is $78.68.
RLI Cuts Dividend
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on RLI. Keefe, Bruyette & Woods lowered their price objective on shares of RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wolfe Research started coverage on RLI in a research note on Wednesday, October 9th. They set an “outperform” rating and a $91.00 price target for the company. Jefferies Financial Group increased their price objective on RLI from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on RLI from $81.00 to $82.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, Compass Point upped their target price on RLI from $85.00 to $92.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.20.
View Our Latest Research Report on RLI
Insider Activity
In other news, Director Michael J. Stone sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $84.78, for a total value of $33,910.00. Following the transaction, the director now owns 429,622 shares in the company, valued at approximately $36,421,205.05. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.91% of the stock is currently owned by corporate insiders.
About RLI
RLI Corp., an insurance holding company, underwrites property and casualty insurance. 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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