RLI Corp. (NYSE:RLI) is expected to pay $2.20 on Dec 23, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on RLI Corp.’s current price of $64.49, the dividend is 3.41%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.72% or $0.46 on November 25, hitting $64.49. About 114,653 shares traded hands. RLI Corp. (NYSE:RLI) has risen 2.99% since April 25, 2016 and is uptrending. It has underperformed by 3.03% the S&P500.
RLI Corp. is a specialty insurance company. The company has a market cap of $2.85 billion. The Firm operates through three divisions: Casualty, Property and Surety. It has a 24.57 P/E ratio. The Casualty segment consists of general liability, personal umbrella, transportation, executive products and commercial umbrella coverages, as well as package business and other specialty coverages.
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.17, from 0.91 in 2016Q1. The ratio improved, as 14 funds sold all RLI Corp. shares owned while 67 reduced positions. 20 funds bought stakes while 54 increased positions. They now own 34.42 million shares or 1.57% less from 34.97 million shares in 2016Q1.
Chatham Cap Grp has 0.4% invested in the company for 18,950 shares. The Texas-based Capstone Asset Mngmt has invested 0.03% in RLI Corp. (NYSE:RLI). Prudential accumulated 0.01% or 101,944 shares. Signaturefd Ltd Liability Corp holds 0% or 52 shares in its portfolio. Susquehanna Gru Limited Liability Partnership has 50,724 shares for 0% of their US portfolio. Davenport Limited Co, a Virginia-based fund reported 6,972 shares. Lpl Fincl Ltd Liability Co accumulated 0.01% or 14,458 shares. Commerce Natl Bank, a Missouri-based fund reported 7,809 shares. Moreover, Invesco Ltd has 0.03% invested in RLI Corp. (NYSE:RLI) for 1.00M shares. Moreover, Bb&T Limited Liability Com has 0.02% invested in RLI Corp. (NYSE:RLI) for 18,054 shares. Da Davidson & accumulated 0% or 1,250 shares. D E Shaw reported 6,684 shares or 0% of all its holdings. Raymond James Fin Services owns 21,096 shares or 0.01% of their US portfolio. Deutsche Commercial Bank Ag holds 0.01% of its portfolio in RLI Corp. (NYSE:RLI) for 145,361 shares. Louisiana State Employees Retirement Sys last reported 16,800 shares in the company.
Insider Transactions: Since June 10, 2016, the stock had 5 insider purchases, and 3 selling transactions for $612,809 net activity. Bryant Todd Wayne had sold 9,600 shares worth $642,672. $37,734 worth of shares were bought by RESTREPO ROBERT P JR on Friday, November 18. The insider STONE MICHAEL J sold $61,548. Angelina Michael E had bought 500 shares worth $30,425.
RLI Corp. (NYSE:RLI) Ratings Coverage
Out of 6 analysts covering RLI Corporation (NYSE:RLI), 0 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 0 are positive. RLI Corporation has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, January 7 by Keefe Bruyette & Woods. Compass Point maintained RLI Corp. (NYSE:RLI) on Wednesday, October 21 with “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 21. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, September 3 report. The firm has “Outperform” rating by FBR Capital given on Monday, August 3. On Wednesday, January 27 the stock rating was maintained by Compass Point with “Neutral”.
More recent RLI Corp. (NYSE:RLI) news were published by: Nasdaq.com which released: “RLI Corp (RLI) Q3 Earnings Miss Estimates, Revenues in Line” on October 20, 2016. Also Zacks.com published the news titled: “RLI Corp (RLI) Rewards Shareholders with Special Dividend” on November 11, 2016. Seekingalpha.com‘s news article titled: “RLI Corp’s (RLI) CEO Jon Michael on Q3 2016 Results – Earnings Call Transcript” with publication date: October 20, 2016 was also an interesting one.
RLI Company Profile
RLI Corp., incorporated on May 4, 1993, is a specialty insurance company. The Firm operates through three divisions: Casualty, Property and Surety. The Firm underwrites selected property and casualty insurance through subsidiaries collectively known as RLI Insurance Group. The Firm conducts its activities through approximately three insurance companies. These companies are organized in a vertical structure beneath RLI Corp. with RLI Insurance Company (RLI Ins.) as the principal insurance subsidiary. RLI Ins. writes multiple lines of insurance on an admitted basis in over 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. Mt. Hawley Insurance Company (Mt. Hawley), a subsidiary of RLI Ins., writes excess and surplus lines insurance on a non-admitted basis in over 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. Contractors Bonding and Insurance Company (CBIC), a subsidiary of RLI Ins., writes multiple lines of insurance on an admitted basis in over 50 states and the District of Columbia. Each of its insurance companies is domiciled in Illinois. The Firm offers insurance coverages in both the specialty admitted and excess and surplus markets.
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