RLI Corp. (NYSE:RLI) – Equities researchers at B. Riley issued their Q4 2017 EPS estimates for RLI in a note issued to investors on Monday. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings per share of $0.47 for the quarter. B. Riley has a “Neutral” rating on the stock.

RLI (NYSE:RLI) last issued its earnings results on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.44). The business had revenue of $196.20 million for the quarter, compared to analyst estimates of $195.89 million. RLI had a return on equity of 8.53% and a net margin of 9.97%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada reissued an “underperform” rating and set a $51.00 target price (up from $50.00) on shares of RLI in a report on Friday, October 20th. Zacks Investment Research cut shares of RLI from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub cut shares of RLI from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods set a $51.00 target price on shares of RLI and gave the stock a “hold” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. RLI currently has an average rating of “Hold” and a consensus price target of $46.75.

Shares of RLI (NYSE:RLI) opened at $58.42 on Wednesday. The firm has a market cap of $2,621.12, a price-to-earnings ratio of 36.06 and a beta of 1.27. RLI has a twelve month low of $50.34 and a twelve month high of $64.03. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17.

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 27th. Investors of record on Thursday, November 30th will be issued a $1.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a dividend yield of 1.42%. RLI’s dividend payout ratio (DPR) is presently 46.67%.

In related news, Director Michael J. Stone sold 2,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.33, for a total value of $120,660.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert P. Restrepo, Jr. acquired 1,026 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $59.30 per share, for a total transaction of $60,841.80. Following the acquisition, the director now owns 8,026 shares in the company, valued at $475,941.80. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 4,991 shares of company stock worth $296,903. Corporate insiders own 6.09% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in shares of RLI by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 114,648 shares of the insurance provider’s stock worth $6,576,000 after acquiring an additional 3,248 shares during the period. Zions Bancorporation acquired a new position in RLI during the 3rd quarter valued at about $145,000. Janus Henderson Group PLC increased its stake in RLI by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 451,819 shares of the insurance provider’s stock valued at $25,916,000 after buying an additional 2,498 shares during the period. Segall Bryant & Hamill LLC acquired a new position in RLI during the 3rd quarter valued at about $275,000. Finally, Royce & Associates LP increased its stake in RLI by 21.4% during the 3rd quarter. Royce & Associates LP now owns 530,460 shares of the insurance provider’s stock valued at $30,427,000 after buying an additional 93,380 shares during the period. 83.70% of the stock is currently owned by institutional investors and hedge funds.

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About RLI

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.

Earnings History and Estimates for RLI (NYSE:RLI)

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