Chatham Capital Group Inc. Sells 240 Shares of RLI Corp. (NYSE:RLI)

Chatham Capital Group Inc. decreased its holdings in RLI Corp. (NYSE:RLI) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,563 shares of the insurance provider’s stock after selling 240 shares during the period. Chatham Capital Group Inc.’s holdings in RLI were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in RLI in the fourth quarter worth approximately $17,854,000. Proficio Capital Partners LLC bought a new position in RLI in the fourth quarter worth approximately $2,146,000. Atria Investments Inc raised its stake in RLI by 3.6% in the fourth quarter. Atria Investments Inc now owns 9,722 shares of the insurance provider’s stock worth $1,602,000 after buying an additional 342 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in RLI by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,752 shares of the insurance provider’s stock worth $77,759,000 after buying an additional 9,131 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in RLI in the fourth quarter worth approximately $56,000. Institutional investors own 77.89% of the company’s stock.

Insider Buying and Selling at RLI

In other RLI news, Director Michael J. Stone sold 400 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $84.78, for a total value of $33,910.00. Following the sale, the director now directly owns 429,622 shares of the company’s stock, valued at approximately $36,421,205.05. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig W. Kliethermes purchased 5,000 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $71.35 per share, for a total transaction of $356,750.00. Following the completion of the acquisition, the chief executive officer now owns 139,190 shares of the company’s stock, valued at $9,931,206.50. The trade was a 3.73 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,200 shares of company stock valued at $805,774. 5.09% of the stock is owned by insiders.

RLI Price Performance

Shares of RLI opened at $75.69 on Friday. The firm has a market capitalization of $6.95 billion, a PE ratio of 20.21 and a beta of 0.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.34 and a quick ratio of 0.38. RLI Corp. has a 1-year low of $67.53 and a 1-year high of $91.14. The company’s fifty day moving average price is $76.44 and its 200-day moving average price is $79.34.

RLI (NYSE:RLI) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%. On average, equities research analysts predict that RLI Corp. will post 3.08 EPS for the current year.

RLI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.79%. This is a positive change from RLI’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, February 28th. RLI’s dividend payout ratio is presently 16.00%.

Wall Street Analyst Weigh In

RLI has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Compass Point cut their price target on shares of RLI from $185.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, January 27th. StockNews.com raised shares of RLI from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Jefferies Financial Group lowered shares of RLI from a “buy” rating to an “underperform” rating and cut their price target for the stock from $95.00 to $61.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada cut their price target on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, RLI presently has a consensus rating of “Hold” and a consensus price target of $82.80.

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.