Janus Henderson Group PLC Raises Stock Holdings in RLI Corp. (NYSE:RLI)

Janus Henderson Group PLC grew its holdings in shares of RLI Corp. (NYSE:RLI - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,886 shares of the insurance provider's stock after purchasing an additional 12,060 shares during the period. Janus Henderson Group PLC owned approximately 0.24% of RLI worth $35,913,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in RLI during the 4th quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in shares of RLI during the fourth quarter valued at about $56,000. EverSource Wealth Advisors LLC increased its holdings in shares of RLI by 47.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 497 shares of the insurance provider's stock valued at $82,000 after acquiring an additional 159 shares in the last quarter. Quarry LP purchased a new position in shares of RLI in the 4th quarter valued at approximately $108,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in RLI in the 4th quarter worth approximately $120,000. Institutional investors and hedge funds own 77.89% of the company's stock.

Insider Buying and Selling at RLI

In related news, Director Robert P. Restrepo, Jr. sold 2,864 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $74.89, for a total transaction of $214,484.96. Following the sale, the director now owns 23,312 shares in the company, valued at approximately $1,745,835.68. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jordan W. Graham sold 1,500 shares of RLI stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $74.77, for a total transaction of $112,155.00. Following the completion of the transaction, the director now directly owns 12,854 shares of the company's stock, valued at $961,093.58. The trade was a 10.45% decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by corporate insiders.

RLI Stock Performance

Shares of RLI stock traded down $0.19 during trading on Tuesday, hitting $75.97. 77,981 shares of the company's stock were exchanged, compared to its average volume of 362,290. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 20.30 and a beta of 0.72. The business has a 50-day simple moving average of $76.12 and a 200-day simple moving average of $78.82. RLI Corp. has a 52-week low of $68.50 and a 52-week high of $91.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.34.

RLI (NYSE:RLI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $36.73 million during the quarter, compared to analyst estimates of $442.20 million. RLI had a return on equity of 16.63% and a net margin of 19.53%. The company's revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. On average, research analysts forecast that RLI Corp. will post 3.08 EPS for the current year.

RLI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 30th will be issued a $0.16 dividend. The ex-dividend date is Friday, May 30th. 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 yield of 0.84%. RLI's payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

RLI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of RLI from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. JMP Securities reissued 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 research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group lowered RLI from a "buy" rating to an "underperform" rating and cut their price objective for the company from $95.00 to $61.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $78.60.

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.