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
RLI traded down $0.00 during midday trading on Friday, reaching $67.78. 846,174 shares of the company's stock were exchanged, compared to its average volume of 742,861. The company has a quick ratio of 0.35, a current ratio of 0.34 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $72.78 and a two-hundred day simple moving average of $74.77. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 19.42 and a beta of 0.67. RLI Corp. has a one year low of $67.12 and a one year high of $91.14.
RLI (NYSE:RLI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. RLI had a net margin of 17.81% and a return on equity of 15.82%. The firm had revenue of $562.28 million for the quarter, compared to analysts' expectations of $445.55 million. During the same period in the prior year, the firm earned $1.72 earnings per share. The company's quarterly revenue was up 20.0% compared to the same quarter last year. As a group, research analysts predict that RLI Corp. will post 3.08 EPS for the current year.
RLI Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 30th were paid a $0.16 dividend. This is a boost from RLI's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.94%. RLI's dividend payout ratio is currently 18.34%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on RLI shares. Wall Street Zen raised 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 report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on shares of RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Compass Point downgraded shares of RLI from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $78.60.
Read Our Latest Stock Analysis on RLI
Insider Transactions at RLI
In other RLI news, COO Jennifer L. Klobnak bought 3,000 shares of RLI stock in a transaction on Thursday, July 24th. The shares were purchased at an average price of $69.15 per share, with a total value of $207,450.00. Following the acquisition, the chief operating officer owned 98,450 shares in the company, valued at $6,807,817.50. This trade represents a 3.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by insiders.
Institutional Trading of RLI
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 valued at $722,700,000 after acquiring an additional 4,388,400 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in 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 purchasing an additional 2,817,616 shares in the last quarter. Neuberger Berman Group LLC raised its stake in RLI by 106.6% in the first quarter. Neuberger Berman Group LLC now owns 2,750,738 shares of the insurance provider's stock valued at $220,967,000 after purchasing an additional 1,419,212 shares in the last quarter. Markel Group Inc. lifted its position in RLI by 100.0% during the first quarter. Markel Group Inc. now owns 2,394,544 shares of the insurance provider's stock worth $192,354,000 after purchasing an additional 1,197,272 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in RLI by 97.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,861,984 shares of the insurance provider's stock worth $149,569,000 after buying an additional 920,799 shares in the last quarter. Institutional investors and hedge funds 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
(
Get Free Report)
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.
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