RLI Corp. (RLI) Set to Announce Earnings on Wednesday
RLI Corp. (NYSE:RLI) will be issuing its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.
RLI Corp. (NYSE:RLI) last released its quarterly earnings results on Wednesday, April 19th. The insurance provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.05. RLI Corp. had a return on equity of 10.02% and a net margin of 12.73%. The business had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.01 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, analysts expect RLI Corp. to post $1.95 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.
RLI Corp. (NYSE RLI) opened at 54.05 on Monday. The company has a 50 day moving average price of $55.55 and a 200 day moving average price of $58.26. RLI Corp. has a 1-year low of $52.51 and a 1-year high of $71.46. The firm has a market cap of $2.38 billion, a PE ratio of 23.20 and a beta of 1.20.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.55%. This is a boost from RLI Corp.’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, May 26th. RLI Corp.’s dividend payout ratio is 36.21%.
In related news, Director Michael J. Stone sold 947 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $54.76, for a total value of $51,857.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Restrepo, Jr. bought 1,675 shares of RLI Corp. stock in a transaction that occurred on Monday, May 8th. The stock was bought at an average price of $56.64 per share, with a total value of $94,872.00. Following the purchase, the director now owns 5,800 shares of the company’s stock, valued at approximately $328,512. The disclosure for this purchase can be found here. 6.09% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on RLI shares. Royal Bank Of Canada restated a “sell” rating and set a $50.00 price target on shares of RLI Corp. in a report on Monday, May 22nd. Keefe, Bruyette & Woods set a $51.00 price target on shares of RLI Corp. and gave the company a “hold” rating in a report on Wednesday, May 24th. ValuEngine upgraded shares of RLI Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co restated a “hold” rating on shares of RLI Corp. in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.33.
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About RLI Corp.
RLI Corp. is a specialty insurance company. The Company underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It operates through Casualty, Property and Surety segments. Its Casualty segment consists of commercial and personal umbrella, general liability, commercial transportation, professional services, small commercial, executive products, medical professional liability and other casualty businesses.
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