RLI Corp. Given New $90.00 Price Target at Keefe, Bruyette & Woods (RLI)
Analysts at Keefe, Bruyette & Woods hoisted their target price on shares of RLI Corp. (NYSE:RLI) from $80.00 to $90.00 in a research report issued to clients and investors on Friday, ARN reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 5.45% from the stock’s previous close.
Shares of RLI Corp. (NYSE:RLI) traded up 2.58% on Friday, hitting $95.19. The stock had a trading volume of 100,967 shares. RLI Corp. has a one year low of $63.16 and a one year high of $95.21. The stock has a 50-day moving average of $84.78 and a 200-day moving average of $78.99. The company has a market cap of $2.032 billion and a price-to-earnings ratio of 19.06.
RLI Corp. (NYSE:RLI) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.42. The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $167.83 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that RLI Corp. will post $4.32 earnings per share for the current fiscal year.
RLI has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of RLI Corp. in a research note to investors on Thursday. They now have a $95.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of RLI Corp. from $77.00 to $82.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.75.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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