RLI Corp. (NYSE:RLI) hit a new 52-week high on Tuesday . The company traded as high as $69.87 and last traded at $69.36, with a volume of 25,555 shares. The stock had previously closed at $69.40.

Separately, Zacks Investment Research cut shares of RLI Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $58.80.

The firm’s 50-day moving average price is $68.63 and its 200 day moving average price is $65.77. The company has a market cap of $3.04 billion and a P/E ratio of 23.62.

RLI Corp. (NYSE:RLI) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $196 million for the quarter, compared to the consensus estimate of $208.20 million. During the same quarter in the previous year, the business earned $0.77 EPS. Analysts expect that RLI Corp. will post $2.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%.

In other news, VP Todd Wayne Bryant sold 9,600 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $66.95, for a total value of $642,720.00. Following the completion of the sale, the vice president now owns 12,532 shares in the company, valued at approximately $839,017.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Stone sold 903 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $68.16, for a total transaction of $61,548.48. The disclosure for this sale can be found here.

Several large investors have bought and sold shares of RLI. Jennison Associates LLC raised its stake in RLI Corp. by 113.0% in the fourth quarter. Jennison Associates LLC now owns 33,778 shares of the company’s stock valued at $2,086,000 after buying an additional 17,923 shares in the last quarter. New York State Common Retirement Fund raised its stake in RLI Corp. by 2.0% in the fourth quarter. New York State Common Retirement Fund now owns 40,200 shares of the company’s stock valued at $2,482,000 after buying an additional 800 shares in the last quarter. Principal Financial Group Inc. raised its stake in RLI Corp. by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 258,088 shares of the company’s stock valued at $15,937,000 after buying an additional 11,779 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in RLI Corp. by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,103,084 shares of the company’s stock valued at $68,117,000 after buying an additional 28,163 shares in the last quarter.

RLI Corp. is a specialty insurance company. The Company operates through three segments: Casualty, Property and Surety. The Casualty segment consists of general liability, personal umbrella, transportation, executive products and commercial umbrella coverages, as well as package business and other specialty coverages.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.