RLI (RLI) Receiving Somewhat Favorable News Coverage, Report Shows

News articles about RLI (NYSE:RLI) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLI earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.7323575741865 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of RLI from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price target on shares of RLI in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.67.

Shares of RLI (NYSE:RLI) opened at $63.99 on Monday. RLI has a 52-week low of $50.34 and a 52-week high of $65.68. The company has a market cap of $2,830.79, a PE ratio of 27.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current ratio of 0.35.

RLI (NYSE:RLI) last released its earnings results on Wednesday, January 24th. The insurance provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. RLI had a net margin of 13.17% and a return on equity of 8.21%. The business had revenue of $202.74 million for the quarter, compared to the consensus estimate of $197.85 million. sell-side analysts anticipate that RLI will post 2.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.31%. RLI’s payout ratio is currently 35.44%.

In related news, VP Aaron Paul Diefenthaler sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $64.77, for a total value of $58,293.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Stone sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $65.36, for a total transaction of $326,800.00. Following the completion of the sale, the director now owns 9,000 shares in the company, valued at $588,240. The disclosure for this sale can be found here. Insiders sold a total of 7,041 shares of company stock worth $452,868 over the last quarter. Insiders own 6.09% of the company’s stock.

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RLI Company Profile

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.

Insider Buying and Selling by Quarter for RLI (NYSE:RLI)

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