RLI Corp. (NYSE:RLI) – Research analysts at B. Riley cut their FY2018 earnings per share (EPS) estimates for shares of RLI in a research report issued to clients and investors on Friday, October 26th. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings per share of $2.18 for the year, down from their prior estimate of $2.30. B. Riley has a “Neutral” rating and a $72.00 price target on the stock. B. Riley also issued estimates for RLI’s FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.25 EPS.

RLI (NYSE:RLI) last posted its quarterly earnings results on Wednesday, October 17th. The insurance provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). RLI had a return on equity of 11.39% and a net margin of 16.64%. The firm had revenue of $217.13 million for the quarter, compared to analyst estimates of $214.55 million.

RLI has been the topic of a number of other reports. Royal Bank of Canada raised RLI from an “underperform” rating to a “sector perform” rating in a research note on Friday, July 20th. Zacks Investment Research raised RLI from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, July 23rd. ValuEngine lowered RLI from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $57.00 price objective on shares of RLI in a report on Friday, July 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.33.

RLI stock opened at $72.36 on Monday. RLI has a fifty-two week low of $56.94 and a fifty-two week high of $79.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.37. The company has a market cap of $3.22 billion, a P/E ratio of 44.94 and a beta of 1.22.

In other RLI news, Director Michael J. Stone sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $77.84, for a total transaction of $389,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Stone sold 1,422 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $77.63, for a total value of $110,389.86. The disclosure for this sale can be found here. Insiders own 6.09% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. increased its holdings in RLI by 31.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,639 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 875 shares in the last quarter. BlackRock Inc. grew its holdings in shares of RLI by 9.6% in the second quarter. BlackRock Inc. now owns 5,492,617 shares of the insurance provider’s stock valued at $363,557,000 after acquiring an additional 481,588 shares in the last quarter. New England Asset Management Inc. bought a new position in shares of RLI in the second quarter valued at approximately $278,000. Principal Financial Group Inc. grew its holdings in shares of RLI by 3.2% in the first quarter. Principal Financial Group Inc. now owns 304,072 shares of the insurance provider’s stock valued at $19,275,000 after acquiring an additional 9,483 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of RLI by 58.3% in the second quarter. Strs Ohio now owns 1,900 shares of the insurance provider’s stock valued at $125,000 after acquiring an additional 700 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

RLI Company Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. 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, real estate investment trusts, and mercantile.

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Earnings History and Estimates for RLI (NYSE:RLI)

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