News stories about RLI Corp. (NYSE:RLI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RLI Corp. earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.8368680084379 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- RLI Corp. (RLI) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- Germany may not agree new coalition until next year: Merkel ally (feeds.reuters.com)
- Let’s get started on coalition talks, Germany’s Greens say (feeds.reuters.com)
- RLI Corp. (RLI) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Porsche seeks 200 million euro damages from Audi over dieselgate: Bild (feeds.reuters.com)
RLI Corp. (NYSE:RLI) opened at 57.90 on Wednesday. RLI Corp. has a 12 month low of $50.34 and a 12 month high of $69.39. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 25.62 and a beta of 1.24. The stock’s 50 day moving average is $55.00 and its 200-day moving average is $55.86.
RLI Corp. (NYSE:RLI) last posted its earnings results on Wednesday, July 19th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $198.09 million. RLI Corp. had a net margin of 12.38% and a return on equity of 10.10%. RLI Corp.’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, analysts anticipate that RLI Corp. will post $2.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, August 29th. RLI Corp.’s dividend payout ratio is presently 37.17%.
RLI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of RLI Corp. from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, September 26th. BidaskClub lowered shares of RLI Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, FBR & Co reaffirmed a “hold” rating on shares of RLI Corp. in a research report on Friday, July 21st. 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 company currently has an average rating of “Hold” and an average price target of $46.50.
In other RLI Corp. news, Director Robert P. Restrepo, Jr. acquired 1,200 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $57.58 per share, for a total transaction of $69,096.00. Following the purchase, the director now directly owns 7,000 shares of the company’s stock, valued at $403,060. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Stone sold 991 shares of RLI Corp. stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $57.40, for a total transaction of $56,883.40. The disclosure for this sale can be found here. Company insiders own 6.09% of the company’s stock.
About RLI Corp.
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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