Analysts expect RLI Corp. (NYSE:RLI) to report sales of $217.97 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for RLI’s earnings. The highest sales estimate is $219.03 million and the lowest is $216.90 million. RLI posted sales of $202.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that RLI will report full year sales of $849.21 million for the current year, with estimates ranging from $846.90 million to $851.52 million. For the next fiscal year, analysts anticipate that the business will report sales of $896.99 million, with estimates ranging from $888.80 million to $905.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for RLI.
RLI (NYSE:RLI) last released its 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.
Shares of RLI stock traded down $0.72 on Friday, hitting $67.61. The stock had a trading volume of 133,200 shares, compared to its average volume of 110,537. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 41.92 and a beta of 1.15. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.17. RLI has a twelve month low of $58.50 and a twelve month high of $79.98.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 27th. Shareholders of record on Friday, November 30th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 29th. RLI’s payout ratio is 54.66%.
In other RLI news, Director Michael J. Stone sold 1,540 shares of RLI stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $67.07, for a total transaction of $103,287.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.54% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in RLI by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 13,090 shares of the insurance provider’s stock valued at $903,000 after purchasing an additional 250 shares during the last quarter. Eaton Vance Management raised its position in shares of RLI by 0.4% during the 3rd quarter. Eaton Vance Management now owns 195,891 shares of the insurance provider’s stock worth $15,394,000 after acquiring an additional 685 shares in the last quarter. Strs Ohio increased its position in RLI by 58.3% during the second quarter. Strs Ohio now owns 1,900 shares of the insurance provider’s stock worth $125,000 after buying an additional 700 shares during the period. Riverhead Capital Management LLC grew its stake in shares of RLI by 23.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,684 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 900 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of RLI by 13.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,315 shares of the insurance provider’s stock valued at $732,000 after buying an additional 1,070 shares in the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.
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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