RLI Corp. (RLI) Declares Quarterly Dividend of $0.17
RLI Corp. (NYSE:RLI) announced a quarterly dividend on Thursday, February 6th, AnalystRatingsNetwork.com reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.17 per share on Thursday, March 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.68%.
A number of analysts have recently weighed in on RLI shares. Analysts at Keefe, Bruyette & Woods downgraded shares of RLI Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, January 17th. 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. RLI Corp. presently has an average rating of “Hold” and an average target price of $91.67.
RLI Corp. (NYSE:RLI) traded down 0.07% during mid-day trading on Thursday, hitting $40.39. The stock had a trading volume of 116,851 shares. RLI Corp. has a one year low of $33.84 and a one year high of $52.565. The stock’s 50-day moving average is $45.58 and its 200-day moving average is $44.66. The company has a market cap of $1.736 billion and a P/E ratio of 13.94.
RLI Corp. (NYSE:RLI) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.39. The company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $149.00 million. During the same quarter last year, the company posted $0.89 earnings per share. RLI Corp.’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that RLI Corp. will post $2.23 EPS for the current fiscal year.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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