Rep. Jefferson Shreve Sells RLI Corp. (NYSE:RLI) Stock

Posted by Brenda Bartman on Aug 2nd, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in RLI stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

RLI Stock Down 0.3%

RLI stock opened at $65.80 on Friday. The firm has a market cap of $6.04 billion, a PE ratio of 18.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s 50 day moving average price is $71.74 and its two-hundred day moving average price is $74.36. RLI Corp. has a twelve month low of $65.14 and a twelve month high of $91.14.

RLI (NYSE:RLI – Get Free Report) last released its quarterly earnings data on Monday, July 21st. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $562.28 million for the quarter, compared to analyst estimates of $445.55 million. RLI had a net margin of 17.81% and a return on equity of 15.82%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. On average, research analysts predict that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 30th were paid a $0.16 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.64 annualized dividend and a yield of 1.0%. This is a boost from RLI’s previous quarterly dividend of $0.15. RLI’s dividend payout ratio (DPR) is currently 18.34%.

Insider Activity

In other news, COO Jennifer L. Klobnak acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was acquired at an average cost of $69.15 per share, with a total value of $207,450.00. Following the acquisition, the chief operating officer owned 98,450 shares in the company, valued at approximately $6,807,817.50. This represents a 3.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RLI shares. JMP Securities reiterated a “market perform” rating on shares of RLI in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on shares of RLI from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of RLI from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Compass Point lowered shares of RLI from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.60.

Get Our Latest Stock Analysis on RLI

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RLI. Illinois Municipal Retirement Fund boosted its holdings in shares of RLI by 100.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,526 shares of the insurance provider’s stock worth $1,569,000 after buying an additional 9,763 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of RLI by 99.6% during the 1st quarter. New York State Teachers Retirement System now owns 112,616 shares of the insurance provider’s stock worth $9,046,000 after buying an additional 56,208 shares during the period. Brown Advisory Inc. boosted its holdings in shares of RLI by 100.0% during the 1st quarter. Brown Advisory Inc. now owns 13,224 shares of the insurance provider’s stock worth $1,062,000 after buying an additional 6,612 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of RLI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 372 shares of the insurance provider’s stock worth $30,000 after buying an additional 186 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of RLI by 112.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,871 shares of the insurance provider’s stock worth $311,000 after buying an additional 2,047 shares during the period. Institutional investors and hedge funds own 77.89% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About RLI

(Get Free Report)

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.