RLI (NYSE:RLI) will be announcing its earnings results after the market closes on Wednesday, July 17th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
RLI (NYSE:RLI) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.59 by $0.12. RLI had a net margin of 13.11% and a return on equity of 11.36%. The business had revenue of $221.25 million for the quarter. On average, analysts expect RLI to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of RLI stock opened at $87.36 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.17. RLI has a one year low of $64.48 and a one year high of $91.49. The stock’s 50-day moving average is $87.47. The company has a market capitalization of $3.93 billion, a PE ratio of 42.61 and a beta of 0.79.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $0.23 per share. This is a boost from RLI’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.05%. RLI’s dividend payout ratio (DPR) is presently 44.88%.
In other RLI news, Director Michael J. Stone sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $79.19, for a total value of $1,187,850.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Stone sold 1,433 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $85.61, for a total transaction of $122,679.13. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. TheStreet cut shares of WCF Bancorp from a “c” rating to a “d+” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.25.
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, and mercantile.
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