RLI (NYSE:RLI) Issues Quarterly Earnings Results

RLI (NYSE:RLI) posted its quarterly earnings data on Monday. The insurance provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.63 by $0.26, Briefing.com reports. The firm had revenue of $444.80 million during the quarter, compared to analyst estimates of $460.05 million. RLI had a net margin of 20.96% and a return on equity of 17.24%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS.

RLI Stock Up 1.3 %

RLI opened at $147.64 on Thursday. The company has a fifty day moving average price of $144.65 and a 200-day moving average price of $138.92. The firm has a market capitalization of $6.75 billion, a P/E ratio of 20.39 and a beta of 0.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.38. RLI has a one year low of $123.04 and a one year high of $149.20.

RLI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, February 28th. RLI’s dividend payout ratio (DPR) is presently 14.92%.

Wall Street Analysts Forecast Growth

RLI has been the subject of several analyst reports. Compass Point increased their price objective on shares of RLI from $158.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of RLI from $148.00 to $155.00 and gave the company a “sector perform” rating in a research report on Wednesday. JMP Securities reissued a “market perform” rating on shares of RLI in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on shares of RLI from $160.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, RLI currently has a consensus rating of “Moderate Buy” and an average target price of $163.25.

RLI Company Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.