RLI (RLI) Announces Earnings Results

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.

How to Become a New Pot Stock Millionaire

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.

In other news, VP Aaron Paul Diefenthaler sold 900 shares of RLI 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Stone sold 5,000 shares of RLI 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 of the company’s stock, valued at $588,240. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,913 shares of company stock valued at $447,413. 6.09% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/20/rli-rli-announces-earnings-results.html.

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.

Earnings History for RLI (NYSE:RLI)

Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply