Van Berkom & Associates Inc. Has $80.20 Million Holdings in RLI Corp. $RLI

Van Berkom & Associates Inc. grew its position in shares of RLI Corp. (NYSE:RLI) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,229,649 shares of the insurance provider’s stock after buying an additional 156,241 shares during the quarter. RLI makes up about 2.3% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 15th biggest position. Van Berkom & Associates Inc. owned 1.34% of RLI worth $80,198,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in shares of RLI by 2.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 7,104 shares of the insurance provider’s stock worth $513,000 after acquiring an additional 163 shares in the last quarter. Vista Finance LLC raised its position in RLI by 4.0% in the 2nd quarter. Vista Finance LLC now owns 4,655 shares of the insurance provider’s stock valued at $336,000 after purchasing an additional 181 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in RLI by 6.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,341 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 195 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of RLI by 5.6% during the second quarter. Brookstone Capital Management now owns 3,876 shares of the insurance provider’s stock worth $280,000 after purchasing an additional 207 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of RLI by 4.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,866 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 77.89% of the company’s stock.

RLI Trading Up 1.5%

Shares of NYSE RLI opened at $59.65 on Wednesday. RLI Corp. has a fifty-two week low of $55.80 and a fifty-two week high of $81.79. The firm has a market capitalization of $5.48 billion, a P/E ratio of 13.68 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.32 and a quick ratio of 0.35. The company’s 50 day simple moving average is $61.84 and its 200 day simple moving average is $63.74.

RLI (NYSE:RLI) last released its earnings results on Wednesday, January 21st. The insurance provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.18. The firm had revenue of $465.69 million during the quarter, compared to analyst estimates of $447.53 million. RLI had a net margin of 21.43% and a return on equity of 18.67%. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts predict that RLI Corp. will post 3.08 EPS for the current year.

RLI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 28th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, November 28th. RLI’s dividend payout ratio is currently 14.68%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RLI shares. Jefferies Financial Group upgraded shares of RLI from an “underperform” rating to a “hold” rating and set a $52.00 price target on the stock in a research report on Friday, January 23rd. Citizens Jmp reaffirmed a “market perform” rating on shares of RLI in a research note on Friday, January 23rd. Zacks Research cut shares of RLI from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Wells Fargo & Company set a $59.00 price target on shares of RLI and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of RLI from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.20.

Insider Activity

In related news, CEO Craig W. Kliethermes bought 5,000 shares of RLI stock in a transaction on Friday, January 23rd. The shares were purchased at an average price of $57.45 per share, for a total transaction of $287,250.00. Following the completion of the acquisition, the chief executive officer owned 143,990 shares in the company, valued at approximately $8,272,225.50. This represents a 3.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer L. Klobnak purchased 2,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was bought at an average cost of $57.99 per share, with a total value of $115,980.00. Following the completion of the purchase, the chief operating officer owned 100,318 shares in the company, valued at $5,817,440.82. The trade was a 2.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.16% of the company’s stock.

RLI Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.