Two Sigma Advisers LP Sells 9,300 Shares of RLI Corp. (RLI)

Two Sigma Advisers LP decreased its holdings in RLI Corp. (NYSE:RLI) by 64.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,142 shares of the insurance provider’s stock after selling 9,300 shares during the period. Two Sigma Advisers LP’s holdings in RLI were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of RLI by 172.3% in the third quarter. Russell Investments Group Ltd. now owns 27,432 shares of the insurance provider’s stock worth $1,574,000 after purchasing an additional 17,358 shares in the last quarter. Swiss National Bank increased its stake in shares of RLI by 2.6% in the fourth quarter. Swiss National Bank now owns 63,800 shares of the insurance provider’s stock worth $3,870,000 after purchasing an additional 1,600 shares in the last quarter. Rhumbline Advisers increased its stake in shares of RLI by 14.7% in the fourth quarter. Rhumbline Advisers now owns 99,931 shares of the insurance provider’s stock worth $6,062,000 after purchasing an additional 12,823 shares in the last quarter. Royce & Associates LP increased its stake in shares of RLI by 15.2% in the fourth quarter. Royce & Associates LP now owns 610,918 shares of the insurance provider’s stock worth $37,058,000 after purchasing an additional 80,458 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of RLI by 22,871.8% in the third quarter. JPMorgan Chase & Co. now owns 133,466 shares of the insurance provider’s stock worth $7,723,000 after purchasing an additional 132,885 shares in the last quarter. Hedge funds and other institutional investors own 87.03% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of RLI from a “sell” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.33.



In related news, Director Michael J. Stone sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $65.36, for a total transaction of $326,800.00. Following the completion of the transaction, the director now owns 9,000 shares of the company’s stock, valued at $588,240. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Stone sold 1,013 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $61.52, for a total transaction of $62,319.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,913 shares of company stock valued at $447,413. 5.54% of the stock is owned by corporate insiders.

Shares of NYSE:RLI opened at $63.76 on Tuesday. The company has a market cap of $2,813.98, a P/E ratio of 39.60 and a beta of 1.22. RLI Corp. has a 12 month low of $50.34 and a 12 month high of $65.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.35.

RLI (NYSE:RLI) last issued its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $202.74 million during the quarter, compared to analysts’ expectations of $197.85 million. RLI had a net margin of 12.39% and a return on equity of 9.10%. equities research analysts anticipate that RLI Corp. will post 2.17 earnings per share for the current year.

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RLI Company Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. 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, real estate investment trusts, and mercantile.

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Institutional Ownership by Quarter for RLI (NYSE:RLI)

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