RLI (RLI) to Release Earnings on Wednesday

RLI (NYSE:RLI) will post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect RLI to post earnings of $1.63 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

RLI (NYSE:RLI) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. RLI had a return on equity of 17.02% and a net margin of 20.15%. The firm had revenue of $433.52 million for the quarter, compared to analysts’ expectations of $423.12 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. On average, analysts expect RLI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RLI Trading Down 0.7 %

Shares of RLI stock opened at $136.26 on Tuesday. RLI has a 12-month low of $123.04 and a 12-month high of $149.65. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $144.46 and its 200-day moving average price is $138.68. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 20.58 and a beta of 0.37.

RLI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were given a $0.27 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.08 annualized dividend and a yield of 0.79%. RLI’s dividend payout ratio is currently 16.31%.

Wall Street Analysts Forecast Growth

RLI has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on RLI from $160.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $148.00 price target on shares of RLI in a research report on Friday, January 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Eagle Bay Advisors LLC purchased a new position in shares of RLI during the second quarter valued at approximately $25,000. Compass Wealth Management LLC purchased a new stake in shares of RLI in the fourth quarter valued at approximately $32,000. Advisors Asset Management Inc. boosted its holdings in shares of RLI by 66.0% in the third quarter. Advisors Asset Management Inc. now owns 556 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 221 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of RLI in the second quarter valued at approximately $65,000. Finally, KBC Group NV purchased a new stake in shares of RLI in the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

RLI Company Profile

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.