RLI (NYSE:RLI) will be issuing its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
RLI (NYSE:RLI) last announced its earnings results on Wednesday, October 18th. The insurance provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.44). The company had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $195.89 million. RLI had a net margin of 9.97% and a return on equity of 8.53%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, analysts expect RLI to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of RLI (RLI) opened at $59.36 on Wednesday. The company has a market capitalization of $2,630.00, a PE ratio of 32.98 and a beta of 1.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.17. RLI has a twelve month low of $50.34 and a twelve month high of $62.00.
In other RLI news, Director Michael J. Stone sold 2,000 shares of RLI stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $60.33, for a total transaction of $120,660.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert P. Restrepo, Jr. acquired 1,026 shares of the company’s stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $59.30 per share, for a total transaction of $60,841.80. Following the completion of the acquisition, the director now directly owns 8,026 shares in the company, valued at $475,941.80. The disclosure for this purchase can be found here. Insiders have sold a total of 5,141 shares of company stock worth $307,795 over the last 90 days. 6.09% of the stock is owned by company insiders.
RLI has been the topic of several analyst reports. Keefe, Bruyette & Woods set a $51.00 target price on RLI and gave the company a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded RLI from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. B. Riley restated a “neutral” rating on shares of RLI in a report on Monday, November 6th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $51.00 price objective (up from $50.00) on shares of RLI in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.67.
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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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