RLI (NYSE:RLI – Get Free Report) released its earnings results on Monday. The insurance provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.37, Briefing.com reports. RLI had a return on equity of 18.89% and a net margin of 20.78%. The business had revenue of $416.44 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year.
RLI Trading Up 3.0 %
NYSE:RLI opened at $143.75 on Wednesday. RLI has a 1 year low of $125.77 and a 1 year high of $149.20. The firm has a 50 day moving average of $142.07 and a 200-day moving average of $142.74. The stock has a market capitalization of $6.57 billion, a P/E ratio of 19.85 and a beta of 0.41.
RLI Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.29 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from RLI’s previous quarterly dividend of $0.27. RLI’s payout ratio is 16.02%.
Analyst Ratings Changes
Get Our Latest Stock Report on RLI
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.
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