News stories about RLI Corp. (NYSE:RLI) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RLI Corp. earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.3911766932446 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Lufthansa lifts profit target on bumper summer bookings (feeds.reuters.com)
- RLI Corp. (RLI) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- German fighter jets help Korean plane make emergency landing - Malay Mail Online (themalaymailonline.com)
- Merkel’s rival to meet Macron in Paris on Thursday (feeds.reuters.com)
- Berlin ‘dismayed and furious’ over murder of German women in Egypt (feeds.reuters.com)
A number of research firms have recently weighed in on RLI. Royal Bank Of Canada reaffirmed a “sell” rating and set a $50.00 price objective on shares of RLI Corp. in a research report on Monday, May 22nd. FBR & Co reaffirmed a “hold” rating on shares of RLI Corp. in a research report on Thursday, April 20th. ValuEngine raised RLI Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods set a $51.00 price objective on RLI Corp. and gave the company a “hold” rating in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.33.
RLI Corp. (RLI) traded up 0.19% on Tuesday, reaching $54.13. The company had a trading volume of 90,225 shares. The stock’s 50 day moving average is $55.55 and its 200-day moving average is $58.26. The stock has a market capitalization of $2.38 billion, a P/E ratio of 23.23 and a beta of 1.20. RLI Corp. has a 1-year low of $52.51 and a 1-year high of $71.46.
RLI Corp. (NYSE:RLI) last released its earnings results on Wednesday, April 19th. The insurance provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.05. The firm had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.01 million. RLI Corp. had a net margin of 12.73% and a return on equity of 10.02%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts predict that RLI Corp. will post $1.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Wednesday, May 31st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, May 26th. This is an increase from RLI Corp.’s previous quarterly dividend of $0.20. RLI Corp.’s dividend payout ratio (DPR) is 36.21%.
In related news, Director Michael J. Stone sold 947 shares of RLI Corp. stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $54.76, for a total transaction of $51,857.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert P. Restrepo, Jr. acquired 1,675 shares of RLI Corp. stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average price of $56.64 per share, for a total transaction of $94,872.00. Following the transaction, 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. Company insiders own 6.09% of the company’s stock.
RLI Corp. 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.
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