RLI (RLI) Receives Daily News Impact Rating of 0.07
Headlines about RLI (NYSE:RLI) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RLI earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 44.4614939823906 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Trial over ‘Love Parade’ deaths begins in Germany (feeds.reuters.com)
- RLI Corp. – Value Analysis (NYSE:RLI) : December 7, 2017 (finance.yahoo.com)
- SVM Adds Individual eGift Capabilities to its Online Business-to-Business Portal (prnewswire.com)
- Ijaz & Associates Accounting and Consulting Firm Achieves ISO 9001 Certification (prweb.com)
- Projektmanagement-Software von CAMMS schlägt 580 Mitbewerber beim erstmalig vergebenen Capterra ‚Best Functionality‛-Award (prnewswire.com)
A number of brokerages recently issued reports on RLI. B. Riley reissued a “neutral” rating on shares of RLI in a research note on Monday, November 6th. Zacks Investment Research cut shares of RLI from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of RLI in a research note on Wednesday. Royal Bank Of Canada reissued an “underperform” rating and issued a $51.00 price objective (up from $50.00) on shares of RLI in a research note on Friday, October 20th. Finally, BidaskClub cut shares of RLI from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.75.
RLI (RLI) opened at $58.08 on Friday. The stock has a market cap of $2,570.89, a P/E ratio of 35.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.35 and a quick ratio of 0.35. RLI has a one year low of $50.34 and a one year high of $64.03.
RLI (NYSE:RLI) last announced its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.44). RLI had a net margin of 9.97% and a return on equity of 8.53%. The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $195.89 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. equities analysts anticipate that RLI will post 1.55 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Thursday, November 30th will be given a $1.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a yield of 1.42%. RLI’s dividend payout ratio is currently 46.67%.
In other RLI news, Director Michael J. Stone sold 991 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $57.40, for a total value of $56,883.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Stone sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.33, for a total transaction of $120,660.00. The disclosure for this sale can be found here. Insiders sold 4,991 shares of company stock worth $296,903 in the last 90 days. Company insiders own 6.09% of the company’s stock.
RLI Corp. is a specialty insurance company. The Company underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It operates through Casualty, Property and Surety segments. Its Casualty segment consists of commercial and personal umbrella, general liability, commercial transportation, professional services, small commercial, executive products, medical professional liability and other casualty businesses.
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