RLI (NYSE:RLI) Receives News Impact Rating of 0.20

Media stories about RLI (NYSE:RLI) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLI earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 47.3876019186159 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

RLI has been the topic of several analyst reports. Zacks Investment Research upgraded RLI from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 price target on shares of RLI in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. RLI presently has a consensus rating of “Hold” and a consensus price target of $57.67.

Shares of RLI (NYSE:RLI) traded down $0.25 on Wednesday, hitting $63.57. The stock had a trading volume of 105,661 shares, compared to its average volume of 173,517. RLI has a 12-month low of $50.34 and a 12-month high of $65.68. The company has a market capitalization of $2,822.82, a PE ratio of 26.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.35 and a current 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, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. RLI had a return on equity of 8.21% and a net margin of 13.17%. The company had revenue of $202.74 million during the quarter, compared to analyst estimates of $197.85 million. equities analysts expect that RLI will post 2.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, February 27th. RLI’s payout ratio is 35.44%.

In other news, Director Michael J. Stone sold 1,141 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $59.40, for a total transaction of $67,775.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Aaron Paul Diefenthaler sold 900 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $64.77, for a total value of $58,293.00. The disclosure for this sale can be found here. Insiders have sold 7,041 shares of company stock valued at $452,868 in the last three months. 6.09% of the stock is owned by insiders.

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About RLI

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.

Insider Buying and Selling by Quarter for RLI (NYSE:RLI)

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