RLI Corp. (NYSE:RLI) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in RLI Corp. (NYSE:RLI - Free Report) by 74.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,286 shares of the insurance provider's stock after buying an additional 13,747 shares during the quarter. Barclays PLC's holdings in RLI were worth $5,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RLI. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Neuberger Berman Group LLC lifted its holdings in RLI by 1.5% in the 4th quarter. Neuberger Berman Group LLC now owns 1,331,526 shares of the insurance provider's stock worth $219,475,000 after purchasing an additional 19,695 shares in the last quarter. Geode Capital Management LLC grew its holdings in RLI by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider's stock valued at $168,907,000 after buying an additional 116,088 shares in the last quarter. Maren Capital LLC boosted its position in shares of RLI by 3.8% during the fourth quarter. Maren Capital LLC now owns 700,603 shares of the insurance provider's stock worth $115,480,000 after acquiring an additional 25,874 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in RLI by 4.7% in the 4th quarter. Invesco Ltd. now owns 665,395 shares of the insurance provider's stock valued at $109,677,000 after acquiring an additional 29,704 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors.

RLI Stock Down 1.0 %

NYSE:RLI traded down $0.72 during mid-day trading on Thursday, reaching $73.29. The company's stock had a trading volume of 47,009 shares, compared to its average volume of 361,767. 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 Corp. has a 1 year low of $68.50 and a 1 year high of $91.15. The stock has a fifty day moving average of $76.37 and a 200-day moving average of $79.27. The firm has a market capitalization of $6.73 billion, a PE ratio of 19.60 and a beta of 0.49.

RLI (NYSE:RLI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The firm had revenue of $36.73 million for the quarter, compared to the consensus estimate of $442.20 million. RLI had a net margin of 19.53% and a return on equity of 16.63%. The company's quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Equities research analysts forecast that RLI Corp. will post 3.08 earnings per share for the current year.

RLI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. This is a boost from RLI's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, February 28th. RLI's dividend payout ratio is 19.74%.

Insider Activity at RLI

In other news, Director Robert P. Restrepo, Jr. sold 2,864 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total transaction of $214,484.96. Following the transaction, the director now directly owns 23,312 shares of the company's stock, valued at approximately $1,745,835.68. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jordan W. Graham sold 1,500 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $74.77, for a total value of $112,155.00. Following the sale, the director now owns 12,854 shares of the company's stock, valued at approximately $961,093.58. This represents a 10.45 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of RLI from a "buy" rating to an "underperform" rating and decreased their price target for the company from $95.00 to $61.00 in a research note on Monday, January 27th. JMP Securities reiterated a "market perform" rating on shares of RLI in a research report on Thursday, April 24th. Compass Point downgraded RLI from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their target price on RLI from $95.00 to $85.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada decreased their price target on RLI from $88.00 to $80.00 and set a "sector perform" rating on the stock in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, RLI presently has an average rating of "Hold" and an average price target of $78.60.

RLI Profile

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.