Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in RLI Corp. $RLI

Key Points

• Universal Beteiligungs reduced its stake in RLI by 68.8% in Q4, selling 30,806 shares and finishing the period with 13,977 shares valued at $898,000.
• RLI reported quarterly EPS of $0.83 (beating the $0.73 estimate) but missed on revenue ($423.9M vs. $564.5M expected); analysts' consensus is a Hold with a $61.50 price target.
• Shares trade around $51.54, RLI has a $4.74B market cap, a PE of 12.04 and beta of 0.42, and pays a $0.16 quarterly dividend (about a 1.2% yield).

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of RLI Corp. (NYSE:RLI - Free Report) by 68.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,977 shares of the insurance provider's stock after selling 30,806 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in RLI were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Chatham Capital Group Inc. increased its position in RLI by 0.7% during the 4th quarter. Chatham Capital Group Inc. now owns 26,460 shares of the insurance provider's stock valued at $1,693,000 after purchasing an additional 180 shares during the period. Allworth Financial LP increased its position in RLI by 5.3% during the 3rd quarter. Allworth Financial LP now owns 3,760 shares of the insurance provider's stock valued at $245,000 after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC increased its position in RLI by 94.4% during the 4th quarter. Farther Finance Advisors LLC now owns 414 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 201 shares during the period. Public Employees Retirement System of Ohio increased its position in RLI by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 75,502 shares of the insurance provider's stock valued at $4,924,000 after purchasing an additional 207 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in RLI by 2.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,281 shares of the insurance provider's stock valued at $591,000 after purchasing an additional 237 shares during the period. 77.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of RLI from a "moderate buy" rating to a "strong-buy" rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of RLI in a research report on Thursday, April 2nd. Wall Street Zen downgraded shares of RLI from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial set a $58.00 target price on shares of RLI in a report on Friday, January 23rd. Finally, Jefferies Financial Group upgraded shares of RLI from an "underperform" rating to a "hold" rating and set a $52.00 target price on the stock in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $61.50.

RLI Trading Up 0.1%

Shares of RLI stock opened at $51.54 on Monday. RLI Corp. has a 12 month low of $50.63 and a 12 month high of $77.24. The stock has a market cap of $4.74 billion, a PE ratio of 12.04 and a beta of 0.42. The company's fifty day moving average price is $58.57 and its 200-day moving average price is $60.58.

RLI (NYSE:RLI - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The insurance provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.10. RLI had a net margin of 20.81% and a return on equity of 17.72%. The firm had revenue of $423.87 million for the quarter, compared to analysts' expectations of $564.47 million. During the same quarter in the previous year, the business posted $0.92 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that RLI Corp. will post 2.71 earnings per share for the current fiscal year.

RLI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 2nd. RLI's payout ratio is 14.95%.

About RLI

RLI Corporation NYSE: RLI is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI's approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.

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