RLI (NYSE:RLI) Announces Earnings Results, Beats Expectations By $0.26 EPS

RLI (NYSE:RLI) issued its quarterly earnings results on Monday. The insurance provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.26, Briefing.com reports. The business had revenue of $444.80 million for the quarter, compared to analyst estimates of $460.05 million. RLI had a return on equity of 17.02% and a net margin of 20.15%. RLI’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share.

RLI Price Performance

Shares of NYSE RLI opened at $141.25 on Tuesday. The stock has a market cap of $6.46 billion, a PE ratio of 21.34 and a beta of 0.37. RLI has a fifty-two week low of $123.04 and a fifty-two week high of $149.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a fifty day moving average of $144.42 and a 200-day moving average of $138.79.

RLI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, February 29th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 28th. RLI’s dividend payout ratio is currently 16.31%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RLI shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $148.00 price target on shares of RLI in a report on Friday, January 26th. Keefe, Bruyette & Woods raised their target price on RLI from $160.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th.

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.