RLI (NYSE:RLI – Get Free Report) posted its earnings results on Monday. The insurance provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.26, Briefing.com reports. The company had revenue of $444.80 million during the quarter, compared to the consensus estimate of $460.05 million. RLI had a net margin of 20.96% and a return on equity of 17.24%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share.
RLI Stock Up 1.3 %
RLI opened at $147.64 on Thursday. RLI has a fifty-two week low of $123.04 and a fifty-two week high of $149.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.39. The company has a fifty day moving average of $144.65 and a two-hundred day moving average of $138.92. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 20.39 and a beta of 0.37.
RLI Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, February 29th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 0.73%. RLI’s payout ratio is 14.92%.
Wall Street Analyst Weigh In
About RLI
RLI Corp., an insurance holding company, underwrites property and casualty insurance. 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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