News articles about RLI (NYSE:RLI) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RLI earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 44.9963573774665 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- HSH Nordbank may pick bidder for exclusive talks next week -sources (feeds.reuters.com)
- Coalition deal leaves Merkel’s fate in hands of Social Democrats (feeds.reuters.com)
- Merkel wants to seal coalition deal with SPD swiftly: source (feeds.reuters.com)
- Form 5 RLI CORP For: Dec 31 Filed by: Angelina Michael E (streetinsider.com)
- EnterWorks Uses Dassault Systèmes’ 3DEXPERIENCE Platform to Extend Master Data and Product Information Management for 3D Virtual Reality in Retail Stores (prweb.com)
A number of research firms recently commented on RLI. Royal Bank of Canada reaffirmed an “underperform” rating and set a $51.00 price target (up from $50.00) on shares of RLI in a research note on Friday, October 20th. Zacks Investment Research raised shares of RLI from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, January 8th. B. Riley reissued a “neutral” rating on shares of RLI in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of RLI in a research report on Wednesday, December 6th. 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.67.
Shares of RLI (RLI) opened at $59.63 on Friday. The stock has a market cap of $2,630.00, a PE ratio of 33.13 and a beta of 1.30. 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 52-week low of $50.34 and a 52-week high of $62.00.
RLI (NYSE:RLI) last released its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.44). The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $195.89 million. RLI had a net margin of 9.97% and a return on equity of 8.53%. RLI’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. equities research analysts anticipate that RLI will post 1.56 earnings per share for the current year.
The business also recently disclosed a special dividend, which was paid on Wednesday, December 27th. Shareholders of record on Thursday, November 30th were given a $1.75 dividend. The ex-dividend date was Wednesday, November 29th. This represents a yield of 1.42%. RLI’s dividend payout ratio (DPR) is 46.67%.
In other RLI news, Director Michael J. Stone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.33, for a total value of $120,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Restrepo, Jr. acquired 1,026 shares of the stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $59.30 per share, with a total value of $60,841.80. Following the completion of the transaction, the director now owns 8,026 shares in the company, valued at $475,941.80. The disclosure for this purchase can be found here. Over the last three months, insiders sold 5,141 shares of company stock valued at $307,795. 6.09% of the stock is owned by corporate insiders.
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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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