Yousif Capital Management LLC Has $2.35 Million Stock Holdings in RLI Corp. (NYSE:RLI)

Yousif Capital Management LLC boosted its stake in shares of RLI Corp. (NYSE:RLI - Free Report) by 95.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,201 shares of the insurance provider's stock after acquiring an additional 14,257 shares during the quarter. Yousif Capital Management LLC's holdings in RLI were worth $2,346,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in RLI by 88.5% during the 1st quarter. Farther Finance Advisors LLC now owns 477 shares of the insurance provider's stock worth $38,000 after acquiring an additional 224 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of RLI by 123.3% during the first quarter. Wesbanco Bank Inc. now owns 5,645 shares of the insurance provider's stock worth $453,000 after purchasing an additional 3,117 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of RLI by 100.0% in the first quarter. OLD National Bancorp IN now owns 6,474 shares of the insurance provider's stock valued at $520,000 after buying an additional 3,237 shares in the last quarter. ARS Wealth Advisors Group LLC increased its stake in shares of RLI by 80.5% in the first quarter. ARS Wealth Advisors Group LLC now owns 4,126 shares of the insurance provider's stock valued at $331,000 after buying an additional 1,840 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of RLI by 498.1% in the first quarter. UMB Bank n.a. now owns 1,549 shares of the insurance provider's stock valued at $124,000 after buying an additional 1,290 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

RLI Trading Down 0.8%

RLI traded down $0.55 during trading on Wednesday, reaching $71.61. 227,288 shares of the company's stock were exchanged, compared to its average volume of 375,100. The company's fifty day moving average price is $75.19 and its 200-day moving average price is $77.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $6.57 billion, a PE ratio of 23.61 and a beta of 0.70. RLI Corp. has a fifty-two week low of $68.50 and a fifty-two week high of $91.15.

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

RLI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 30th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from RLI's previous quarterly dividend of $0.15. RLI's dividend payout ratio is presently 21.05%.

Analyst Ratings Changes

Several research firms have weighed in on RLI. Keefe, Bruyette & Woods lowered their price objective on shares of RLI from $95.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JMP Securities reissued a "market perform" rating on shares of RLI in a report on Thursday, April 24th. Compass Point cut shares of RLI from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded RLI from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $78.60.

About RLI

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.