RLI Corp. Reaches New 12-Month High at $89.58 (RLI)
RLI Corp. (NYSE:RLI)’s share price reached a new 52-week high during trading hours on Thursday, Stock Ratings News reports. The company traded as high as $89.58 and last traded at $89.03, with a volume of 90,068 shares traded. The stock had previously closed at $85.57.
A number of research firms have recently commented on RLI. Analysts at Zacks reiterated a “neutral” rating on shares of RLI Corp. in a research note to investors on Monday, August 12th. They now have a $85.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of RLI Corp. from $65.00 to $77.00 in a research note to investors on Friday, July 19th. They now have a “neutral” rating on the stock.
RLI Corp. has a 1-year low of $63.16 and a 1-year high of $88.42. The stock’s 50-day moving average is $82.62 and its 200-day moving average is $78.12. The company has a market cap of $1.909 billion and a price-to-earnings ratio of 17.57.
RLI Corp. (NYSE:RLI) last announced its earnings results on Wednesday, July 17th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The company had revenue of $171.14 million for the quarter, compared to the consensus estimate of $193.47 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that RLI Corp. will post $4.31 EPS for the current fiscal year.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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