RLI Corp. Downgraded by Keefe, Bruyette & Woods to Underperform (RLI)
RLI Corp. (NYSE:RLI) was downgraded by equities research analysts at Keefe, Bruyette & Woods to an “underperform” rating in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
Separately, analysts at Zacks upgraded shares of RLI Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, November 8th. They now have a $113.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $91.67.
Shares of RLI Corp. (NYSE:RLI) opened at 45.20 on Friday. RLI Corp. has a 52-week low of $33.635 and a 52-week high of $52.565. The stock has a 50-day moving average of $47.58 and a 200-day moving average of $44.42. The company has a market cap of $969.4 million and a price-to-earnings ratio of 8.46.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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