RLI (NYSE:RLI) Shares Sold Off Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of RLI Corp. NYSE: RLI. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in RLI stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

RLI Price Performance

Shares of NYSE:RLI traded down $0.00 during midday trading on Friday, reaching $67.78. The company's stock had a trading volume of 846,174 shares, compared to its average volume of 742,861. RLI Corp. has a fifty-two week low of $67.12 and a fifty-two week high of $91.14. The business's fifty day simple moving average is $72.62 and its 200-day simple moving average is $74.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.34 and a quick ratio of 0.35. The company has a market capitalization of $6.22 billion, a P/E ratio of 19.42 and a beta of 0.67.

RLI (NYSE:RLI - Get Free Report) last released its earnings results on Monday, July 21st. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.09. The company had revenue of $562.28 million during 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 firm's quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 earnings per share. As a group, equities research analysts expect that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 30th were issued a $0.16 dividend. This is an increase from RLI's previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, May 30th. RLI's payout ratio is presently 18.34%.

Insider Buying and Selling

In related news, COO Jennifer L. Klobnak acquired 3,000 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were bought at an average cost of $69.15 per share, with a total value of $207,450.00. Following the completion of the transaction, the chief operating officer directly owned 98,450 shares of the company's stock, valued at $6,807,817.50. This trade represents a 3.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on RLI shares. Keefe, Bruyette & Woods decreased their price objective on RLI from $95.00 to $85.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised RLI from a "sell" rating to a "hold" rating in a research note on Saturday. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research note on Thursday, April 24th. Finally, Compass Point cut shares of RLI from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 25th. One 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 currently has a consensus rating of "Hold" and a consensus price target of $78.60.

Institutional Investors Weigh In On RLI

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of RLI by 95.2% during the 1st quarter. Vanguard Group Inc. now owns 8,996,643 shares of the insurance provider's stock worth $722,700,000 after purchasing an additional 4,388,400 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of RLI by 117.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,226,797 shares of the insurance provider's stock valued at $419,869,000 after buying an additional 2,817,616 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of RLI by 106.6% during the 1st quarter. Neuberger Berman Group LLC now owns 2,750,738 shares of the insurance provider's stock worth $220,967,000 after acquiring an additional 1,419,212 shares during the period. Markel Group Inc. raised its stake in RLI by 100.0% in the 1st quarter. Markel Group Inc. now owns 2,394,544 shares of the insurance provider's stock valued at $192,354,000 after acquiring an additional 1,197,272 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in RLI by 97.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,861,984 shares of the insurance provider's stock valued at $149,569,000 after purchasing an additional 920,799 shares during the last quarter. Institutional investors own 77.89% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.