RLI (RLI) to Release Earnings on Monday

RLI (NYSE:RLI) is scheduled to announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

RLI (NYSE:RLI) last released its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.35 by $0.37. The firm had revenue of $416.44 million for the quarter, compared to the consensus estimate of $561.60 million. RLI had a net margin of 20.78% and a return on equity of 18.33%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. On average, analysts expect RLI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RLI Stock Performance

NYSE RLI opened at $162.99 on Friday. The stock has a market cap of $7.45 billion, a PE ratio of 22.51 and a beta of 0.41. The firm has a 50-day moving average of $153.60 and a 200-day moving average of $146.74. RLI has a 52-week low of $125.77 and a 52-week high of $164.25.

RLI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, August 30th. RLI’s dividend payout ratio is presently 16.02%.

Analysts Set New Price Targets

RLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on RLI from $169.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Oppenheimer assumed coverage on RLI in a report on Wednesday. They set a “market perform” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $162.00 price target on shares of RLI in a research note on Tuesday, October 8th. Wolfe Research initiated coverage on shares of RLI in a research note on Wednesday, October 9th. They issued an “outperform” rating and a $182.00 price objective for the company. Finally, Compass Point decreased their target price on shares of RLI from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.80.

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.