Media coverage about RLI (NYSE:RLI) has been trending positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RLI earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 48.1947407779766 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
- Head-To-Head Comparison: RLI (RLI) and Universal Insurance (UVE) (americanbankingnews.com)
- UPDATE 1-German coalition negotiators may drop proposal to abolish air transport tax – source (feeds.reuters.com)
- Merkel says expects coalition talks to be tough, unclear when will end (feeds.reuters.com)
- German spy chief alleges North Korea uses Berlin embassy for procurement (feeds.reuters.com)
- Merkel suggests changes could be made to new online hate speech law (feeds.reuters.com)
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded RLI from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of RLI in a research report on Wednesday, December 6th. B. Riley reiterated a “neutral” rating on shares of RLI in a research report on Monday, November 6th. Finally, Royal Bank of Canada reiterated 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.67.
Shares of RLI (NYSE RLI) traded down $2.47 during trading on Monday, hitting $61.18. The stock had a trading volume of 177,614 shares, compared to its average volume of 220,571. RLI has a fifty-two week low of $50.34 and a fifty-two week high of $65.68. The stock has a market capitalization of $2,790.00, a P/E ratio of 25.92 and a beta of 1.28. The company has a quick ratio of 0.35, a current ratio of 0.34 and a debt-to-equity ratio of 0.17.
RLI (NYSE:RLI) last announced its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. RLI had a return on equity of 8.21% and a net margin of 13.17%. The business had revenue of $202.74 million for the quarter, compared to the consensus estimate of $197.85 million. analysts forecast that RLI will post 2.22 earnings per share for the current year.
In other news, Director Robert P. Restrepo, Jr. bought 1,026 shares of RLI stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $59.30 per share, with a total value of $60,841.80. Following the completion of the acquisition, the director now owns 8,026 shares of the company’s stock, valued at approximately $475,941.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Stone sold 2,000 shares of RLI stock in a transaction dated Wednesday, November 29th. The stock was 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. Insiders sold 11,041 shares of company stock worth $692,888 over the last 90 days. Company insiders own 6.09% of the company’s stock.
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RLI 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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