Diversified Trust Co Makes New $549,000 Investment in RLI Corp. (NYSE:RLI)

Diversified Trust Co acquired a new stake in RLI Corp. (NYSE:RLI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,840 shares of the insurance provider's stock, valued at approximately $549,000.

A number of other institutional investors have also added to or reduced their stakes in RLI. Vanguard Group Inc. boosted its position in RLI by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider's stock worth $759,577,000 after buying an additional 41,884 shares during the period. Neuberger Berman Group LLC grew its position in shares of RLI by 1.5% during the 4th quarter. Neuberger Berman Group LLC now owns 1,331,526 shares of the insurance provider's stock worth $219,475,000 after buying an additional 19,695 shares during the period. Geode Capital Management LLC increased its stake in RLI by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider's stock valued at $168,907,000 after purchasing an additional 116,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in RLI by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 941,185 shares of the insurance provider's stock worth $155,136,000 after acquiring an additional 7,609 shares in the last quarter. Finally, Port Capital LLC grew its position in RLI by 0.9% in the 4th quarter. Port Capital LLC now owns 766,668 shares of the insurance provider's stock valued at $126,370,000 after purchasing an additional 6,680 shares during the period. 77.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research report on Thursday, April 24th. Compass Point lowered RLI from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price target on RLI from $95.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised RLI from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $78.60.

RLI Stock Down 1.0%

NYSE RLI traded down $0.70 during trading hours on Tuesday, reaching $71.52. 510,252 shares of the company's stock traded hands, compared to its average volume of 471,165. RLI Corp. has a 52-week low of $68.50 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a 50-day simple moving average of $74.30 and a 200 day simple moving average of $76.20. The firm has a market cap of $6.56 billion, a PE ratio of 23.53 and a beta of 0.70.

RLI (NYSE:RLI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The firm had revenue of $36.73 million during the quarter, compared to the consensus estimate of $442.20 million. RLI had a return on equity of 16.26% and a net margin of 16.22%. The company's revenue was down 8.3% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Sell-side analysts anticipate that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 30th were given a dividend of $0.16 per share. This is an increase from RLI's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.89%. RLI's dividend payout ratio is 21.05%.

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.