Integrated Wealth Concepts LLC Purchases Shares of 4,100 RLI Corp. (NYSE:RLI)

Integrated Wealth Concepts LLC bought a new stake in shares of RLI Corp. (NYSE:RLI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,100 shares of the insurance provider's stock, valued at approximately $676,000.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in RLI by 53.8% during the 4th quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider's stock worth $33,000 after purchasing an additional 71 shares during the period. Brookstone Capital Management lifted its stake in RLI by 7.5% in the fourth quarter. Brookstone Capital Management now owns 1,827 shares of the insurance provider's stock worth $301,000 after acquiring an additional 127 shares during the last quarter. Everhart Financial Group Inc. grew its holdings in RLI by 10.0% during the 4th quarter. Everhart Financial Group Inc. now owns 1,633 shares of the insurance provider's stock worth $269,000 after acquiring an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in RLI by 47.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 497 shares of the insurance provider's stock worth $82,000 after acquiring an additional 159 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of RLI by 9.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,875 shares of the insurance provider's stock valued at $309,000 after purchasing an additional 162 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.

RLI Stock Performance

Shares of NYSE:RLI traded down $0.16 on Wednesday, reaching $74.46. The company's stock had a trading volume of 19,372 shares, compared to its average volume of 362,783. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.34 and a quick ratio of 0.38. RLI Corp. has a 52-week low of $68.50 and a 52-week high of $91.15. The stock's 50-day moving average is $76.27 and its two-hundred day moving average is $79.08. The stock has a market capitalization of $6.83 billion, a P/E ratio of 19.88 and a beta of 0.72.

RLI (NYSE:RLI - Get Free Report) last announced its 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. RLI had a return on equity of 16.63% and a net margin of 19.53%. The company had revenue of $36.73 million for the quarter, compared to the consensus estimate of $442.20 million. During the same period last year, the business posted $0.95 EPS. The company's revenue was down 8.3% on a year-over-year basis. As a group, sell-side 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 was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. This is an increase from RLI's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. RLI's payout ratio is presently 19.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Compass Point lowered RLI from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price target on RLI from $88.00 to $80.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of RLI from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, JMP Securities restated a "market perform" rating on shares of RLI in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $78.60.

Insider Transactions at RLI

In related 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 owns 23,312 shares of the company's stock, valued at $1,745,835.68. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jordan W. Graham sold 1,500 shares of the firm's 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 completion of the sale, the director now directly owns 12,854 shares of the company's stock, valued at approximately $961,093.58. This trade represents a 10.45 % decrease in their position. The disclosure for this sale can be found here. Company 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.