RLI (NYSE:RLI) released its quarterly earnings data on Wednesday. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07, Bloomberg Earnings reports. The business had revenue of $204.26 million during the quarter, compared to analyst estimates of $203.31 million. RLI had a net margin of 12.39% and a return on equity of 9.00%.
NYSE:RLI opened at $64.16 on Friday. The stock has a market cap of $2,829.90, a price-to-earnings ratio of 36.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.35 and a quick ratio of 0.35. RLI has a fifty-two week low of $50.34 and a fifty-two week high of $65.68.
Separately, Zacks Investment Research upgraded shares of RLI from a “sell” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.33.
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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.
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