45,140 Shares in RLI Corp. (NYSE:RLI) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in RLI Corp. (NYSE:RLI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 45,140 shares of the insurance provider's stock, valued at approximately $3,626,000.

Several other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in RLI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 372 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 186 shares during the period. Versant Capital Management Inc grew its holdings in RLI by 100.0% during the first quarter. Versant Capital Management Inc now owns 406 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 203 shares during the period. Farther Finance Advisors LLC grew its holdings in RLI by 88.5% during the first quarter. Farther Finance Advisors LLC now owns 477 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 224 shares during the period. Compass Wealth Management LLC grew its holdings in RLI by 100.0% during the first quarter. Compass Wealth Management LLC now owns 480 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 240 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in RLI by 56.8% during the first quarter. SBI Securities Co. Ltd. now owns 530 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 192 shares during the period. Institutional investors own 77.89% of the company's stock.

RLI Price Performance

Shares of RLI stock traded down $0.16 during trading hours on Friday, hitting $65.83. The company's stock had a trading volume of 172,215 shares, compared to its average volume of 518,192. The business has a 50 day moving average price of $71.92 and a two-hundred day moving average price of $74.44. RLI Corp. has a 12-month low of $65.14 and a 12-month high of $91.14. The company has a market cap of $6.05 billion, a PE ratio of 18.86 and a beta of 0.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.35 and a current ratio of 0.35.

RLI (NYSE:RLI - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $562.28 million for the quarter, compared to the consensus estimate of $445.55 million. RLI had a return on equity of 15.82% and a net margin of 17.81%. The business's revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 earnings per share. Analysts expect that RLI Corp. will post 3.08 earnings per share for the current fiscal year.

RLI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 30th were given a $0.16 dividend. This is an increase from RLI's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 30th. RLI's dividend payout ratio (DPR) is presently 18.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities reissued a "market perform" rating on shares of RLI in a report on Thursday, April 24th. Wall Street Zen raised RLI from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Compass Point lowered RLI from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $78.60.

Insider Activity at RLI

In other news, COO Jennifer L. Klobnak bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average cost of $69.15 per share, for a total transaction of $207,450.00. Following the completion of the transaction, the chief operating officer owned 98,450 shares of the company's stock, valued at approximately $6,807,817.50. This represents a 3.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.16% of the company's stock.

RLI Company 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.