RLI Corp. (RLI) Receiving Positive Media Coverage, Study Shows

News coverage about RLI Corp. (NYSE:RLI) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLI Corp. earned a media sentiment score of 0.50 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

RLI Corp. (NYSE:RLI) traded down 1.51% during midday trading on Tuesday, hitting $56.06. 176,462 shares of the stock traded hands. RLI Corp. has a 52 week low of $52.51 and a 52 week high of $71.46. The stock’s 50-day moving average price is $55.69 and its 200 day moving average price is $57.25. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 24.81 and a beta of 1.21.

RLI Corp. (NYSE:RLI) last issued its earnings results on Wednesday, July 19th. The insurance provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. RLI Corp. had a net margin of 12.38% and a return on equity of 10.10%. The company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $198.09 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that RLI Corp. will post $2.01 EPS for the current year.

RLI has been the subject of several recent research reports. FBR & Co restated a “hold” rating on shares of RLI Corp. in a research report on Friday, July 21st. Royal Bank Of Canada reiterated a “sell” rating and set a $50.00 price objective on shares of RLI Corp. in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of RLI Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Monday, July 24th. Keefe, Bruyette & Woods set a $51.00 price objective on shares of RLI Corp. and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, ValuEngine upgraded shares of RLI Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. RLI Corp. has an average rating of “Hold” and an average target price of $47.00.

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In other RLI Corp. news, Director Michael J. Stone sold 947 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $54.76, for a total transaction of $51,857.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Stone sold 3,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $57.95, for a total transaction of $173,850.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,947 shares of company stock worth $501,958. Insiders own 6.09% of the company’s stock.

About RLI Corp.

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.

Insider Buying and Selling by Quarter for RLI Corp. (NYSE:RLI)

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