Rep. Byron Donalds Sells RLI Corp. (NYSE:RLI) Shares

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 16th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

RLI Stock Down 0.1 %

NYSE RLI opened at $75.57 on Wednesday. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 20.18 and a beta of 0.46. RLI Corp. has a 52 week low of $67.53 and a 52 week high of $91.14. The company has a fifty day moving average of $79.63 and a two-hundred day moving average of $79.22. The company has a quick ratio of 0.38, a current ratio of 0.34 and a debt-to-equity ratio of 0.07.

RLI (NYSE:RLI) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%. On average, analysts predict that RLI Corp. will post 3.09 earnings per share for the current year.

Hedge Funds Weigh In On RLI

A number of institutional investors have recently made changes to their positions in RLI. Vanguard Group Inc. lifted its position in RLI by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider’s stock worth $759,577,000 after purchasing an additional 41,884 shares during the period. State Street Corp increased its position in shares of RLI by 1.3% during the third quarter. State Street Corp now owns 4,393,250 shares of the insurance provider’s stock valued at $680,866,000 after purchasing an additional 58,167 shares during the period. Geode Capital Management LLC lifted its stake in RLI by 5.9% during the third quarter. Geode Capital Management LLC now owns 908,430 shares of the insurance provider’s stock worth $140,817,000 after purchasing an additional 50,654 shares during the period. Thrivent Financial for Lutherans grew its position in RLI by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 813,719 shares of the insurance provider’s stock valued at $126,110,000 after acquiring an additional 4,330 shares during the period. Finally, Port Capital LLC grew its stake in RLI by 0.4% during the third quarter. Port Capital LLC now owns 759,988 shares of the insurance provider’s stock worth $117,783,000 after buying an additional 3,200 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RLI

In related news, insider Jeffrey D. Fick bought 2,000 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $72.13 per share, with a total value of $144,260.00. Following the completion of the transaction, the insider now owns 142,061 shares in the company, valued at $10,246,859.93. The trade was a 1.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Stone sold 400 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $84.78, for a total transaction of $33,910.00. Following the transaction, the director now owns 429,622 shares in the company, valued at $36,421,205.05. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 11,200 shares of company stock valued at $805,774 in the last three months. Corporate insiders own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RLI. StockNews.com lowered shares of RLI from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Oppenheimer initiated coverage on RLI in a research report on Wednesday, October 16th. They issued a “market perform” rating for the company. Royal Bank of Canada lowered their target price on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. JMP Securities reissued a “market perform” rating on shares of RLI in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, three 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 an average rating of “Hold” and an average target price of $82.80.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.