Headlines about RLI (NYSE:RLI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLI earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 44.2810476964946 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “underperform” rating and set a $51.00 target price (up from $50.00) on shares of RLI in a research report on Friday, October 20th. Zacks Investment Research downgraded RLI from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 target price on shares of RLI in a research note on Wednesday, December 6th. Finally, B. Riley restated a “neutral” rating on shares of RLI in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. RLI presently has an average rating of “Hold” and an average target price of $57.67.
Shares of RLI (RLI) traded up $0.16 during mid-day trading on Friday, reaching $59.63. The company’s stock had a trading volume of 78,586 shares, compared to its average volume of 176,715. RLI has a 52 week low of $50.34 and a 52 week high of $62.00. The stock has a market capitalization of $2,630.00, a P/E ratio of 33.13 and a beta of 1.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.17.
RLI (NYSE:RLI) last announced its earnings results on Wednesday, October 18th. The insurance provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.44). RLI had a net margin of 9.97% and a return on equity of 8.53%. The firm had revenue of $196.20 million for the quarter, compared to analyst estimates of $195.89 million. During the same period in the previous year, the company earned $0.37 EPS. RLI’s revenue was down 4.9% compared to the same quarter last year. equities research analysts anticipate that RLI will post 1.56 EPS for the current year.
The business also recently declared a special dividend, which was paid on Wednesday, December 27th. Investors of record on Thursday, November 30th were issued a $1.75 dividend. The ex-dividend date was Wednesday, November 29th. This represents a dividend yield of 1.42%. RLI’s dividend payout ratio is presently 46.67%.
In related news, Director Robert P. Restrepo, Jr. bought 1,026 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $59.30 per share, for a total transaction of $60,841.80. Following the completion of the acquisition, the director now owns 8,026 shares in the company, valued at approximately $475,941.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Stone sold 2,000 shares of RLI stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $60.33, for a total value of $120,660.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,141 shares of company stock valued at $307,795. Insiders own 6.09% of the company’s stock.
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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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