RLI Corp. (RLI) Plans Quarterly Dividend of $0.18
RLI Corp. (NYSE:RLI) declared a quarterly dividend on Wednesday, August 13th, Analyst Ratings Net reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.18 per share on Friday, September 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of RLI Corp. in a research note on Friday, July 18th. They now have a $47.00 price target on the stock.
RLI Corp. (NYSE:RLI) traded up 0.95% during mid-day trading on Wednesday, hitting $44.50. 57,426 shares of the company’s stock traded hands. RLI Corp. has a 1-year low of $38.85 and a 1-year high of $52.565. The stock has a 50-day moving average of $44.79 and a 200-day moving average of $43.8. The company has a market cap of $1.915 billion and a P/E ratio of 14.18.
RLI Corp. (NYSE:RLI) last released its earnings data on Wednesday, July 16th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.05. The company had revenue of $193.00 million for the quarter, compared to the consensus estimate of $183.54 million. During the same quarter last year, the company posted $1.27 earnings per share. RLI Corp.’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that RLI Corp. will post $2.40 earnings per share for the current fiscal year.
RLI Corp. underwrites selected property and casualty insurance through subsidiaries collectively (NYSE:RLI).
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