Media headlines about RLI (NYSE:RLI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RLI earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 47.3876019186159 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Yossi Abraham Appointed President of Visual IVR Provider, Zappix, Inc. (prweb.com)
- Weakened Merkel begins fourth term beset by challenges (feeds.reuters.com)
- German lawmakers elect weakened Merkel to fourth term (feeds.reuters.com)
- German lawmakers elect Merkel to fourth term as chancellor (feeds.reuters.com)
- BRIEF-Total Access Communication’s CEO Lars-Åke Norling to step down (feeds.reuters.com)
Several research analysts have recently issued reports on RLI shares. Zacks Investment Research cut shares of RLI from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price target on shares of RLI in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. RLI has a consensus rating of “Hold” and a consensus price target of $57.67.
RLI (NYSE:RLI) last announced its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. RLI had a net margin of 13.17% and a return on equity of 8.21%. The firm had revenue of $202.74 million during the quarter, compared to the consensus estimate of $197.85 million. sell-side analysts forecast that RLI will post 2.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, February 27th. RLI’s dividend payout ratio is 35.44%.
In other RLI news, Director Michael J. Stone sold 1,141 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $59.40, for a total value of $67,775.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Aaron Paul Diefenthaler sold 900 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $64.77, for a total transaction of $58,293.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,041 shares of company stock valued at $452,868. 6.09% of the stock is owned by corporate insiders.
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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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