Janus Henderson Group PLC bought a new stake in shares of RLI Corp. (NYSE:RLI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 449,321 shares of the insurance provider’s stock, valued at approximately $24,542,000. Janus Henderson Group PLC owned about 1.02% of RLI Corp. as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Shelton Capital Management purchased a new stake in RLI Corp. during the second quarter valued at approximately $208,000. Flinton Capital Management LLC lifted its position in RLI Corp. by 60.3% during the second quarter. Flinton Capital Management LLC now owns 2,000 shares of the insurance provider’s stock valued at $109,000 after acquiring an additional 752 shares during the last quarter. Stifel Financial Corp lifted its position in RLI Corp. by 0.4% during the second quarter. Stifel Financial Corp now owns 20,371 shares of the insurance provider’s stock valued at $1,118,000 after acquiring an additional 91 shares during the last quarter. Voya Investment Management LLC lifted its position in RLI Corp. by 7.4% during the second quarter. Voya Investment Management LLC now owns 17,511 shares of the insurance provider’s stock valued at $956,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in RLI Corp. during the second quarter valued at approximately $250,000. 82.94% of the stock is owned by institutional investors.
Shares of RLI Corp. (NYSE RLI) traded down 0.22% on Friday, reaching $58.46. 9,692 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.57 billion, a P/E ratio of 25.87 and a beta of 1.24. RLI Corp. has a one year low of $50.34 and a one year high of $64.66. The firm has a 50 day moving average of $56.21 and a 200 day moving average of $55.83.
RLI Corp. (NYSE:RLI) last issued its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.44). The company had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $195.89 million. RLI Corp. had a return on equity of 8.53% and a net margin of 9.97%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, equities research analysts predict that RLI Corp. will post $1.55 EPS for the current year.
RLI has been the subject of a number of analyst reports. FBR & Co reissued a “hold” rating on shares of RLI Corp. in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of RLI Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Monday, July 24th. BidaskClub lowered shares of RLI Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada restated an “underperform” rating and set a $51.00 price target (up previously from $50.00) on shares of RLI Corp. in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods set a $51.00 price target on shares of RLI Corp. and gave the company a “hold” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.75.
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In other RLI Corp. news, Director Michael E. Angelina purchased 1,000 shares of RLI Corp. stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average price of $54.41 per share, for a total transaction of $54,410.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Stone sold 991 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were 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. 6.09% of the stock is currently owned by insiders.
RLI Corp. Company Profile
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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