Rli Corp (NYSE:RLI) Quarterly Sentiment Change Report

May 18, 2018 - By Christine Reyes

RLI Corp. (NYSE:RLI) Logo

Sentiment for Rli Corp (NYSE:RLI)

Rli Corp (NYSE:RLI) institutional sentiment increased to 1.57 in 2017 Q4. Its up 0.21, from 1.36 in 2017Q3. The ratio improved, as 88 investment managers started new or increased holdings, while 56 sold and decreased their stock positions in Rli Corp. The investment managers in our partner’s database now hold: 37.42 million shares, up from 36.22 million shares in 2017Q3. Also, the number of investment managers holding Rli Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 49 Increased: 61 New Position: 27.

RLI Corp., through its subsidiaries, underwrites property and casualty insurance in the United States. The company has market cap of $2.96 billion. The Company’s Casualty segment provides commercial and personal umbrella 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. It has a 28.33 P/E ratio. This segment also offers coverages in the area of onshore energy related businesses, as well as environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and commercial automobile liability and physical damage insurance products, and other types of commercial automobile risks, as well as related insurance coverages, such as general liability, excess liability, and motor truck cargo.

The stock increased 0.32% or $0.21 during the last trading session, reaching $66.86. About 103,563 shares traded. RLI Corp. (NYSE:RLI) has risen 8.68% since May 18, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Analysts await RLI Corp. (NYSE:RLI) to report earnings on July, 18. They expect $0.53 EPS, down 13.11 % or $0.08 from last year’s $0.61 per share. RLI’s profit will be $23.47M for 31.54 P/E if the $0.53 EPS becomes a reality. After $0.60 actual EPS reported by RLI Corp. for the previous quarter, Wall Street now forecasts -11.67 % negative EPS growth.

Van Berkom & Associates Inc. holds 1.73% of its portfolio in RLI Corp. for 875,960 shares. Vaughan David Investments Inc Il owns 526,164 shares or 1.48% of their US portfolio. Moreover, Markel Corp has 1.37% invested in the company for 1.20 million shares. The California-based Snyder Capital Management L P has invested 1.28% in the stock. Mad River Investors, a Massachusetts-based fund reported 15,620 shares.

Since January 1, 0001, it had 1 buying transaction, and 7 insider sales for $1.59 million activity.

RLI Corp. (NYSE:RLI) Ratings Coverage

Ratings analysis reveals 0 of RLI Corp’s analysts are positive. Out of 3 Wall Street analysts rating RLI Corp, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $55.0 while the high is $5600. The stock’s average target of $55.33 is -17.24% below today’s ($66.86) share price. RLI was included in 3 notes of analysts from December 4, 2017. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, December 4 report. As per Thursday, April 19, the company rating was maintained by RBC Capital Markets.

More important recent RLI Corp. (NYSE:RLI) news were published by: Seekingalpha.com which released: “RLI’s (RLI) CEO Jon Michael on Q1 2018 Results – Earnings Call Transcript” on April 19, 2018, also Globenewswire.com published article titled: “Report: Developing Opportunities within HealthEquity, Chicago Rivet & Machine, NorthStar Realty Europe, Cullen/Frost …”, Businesswire.com published: “RLI Increases Regular Dividend for 43” on May 03, 2018. More interesting news about RLI Corp. (NYSE:RLI) was released by: Businesswire.com and their article: “RLI Names Bob S. Handzel as Vice President, Chief Claim Officer” with publication date: May 10, 2018.

RLI Corp. (NYSE:RLI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.