RLI (NYSE:RLI) Stock Unloaded Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 21st. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

RLI Trading Down 1.0 %

Shares of NYSE RLI traded down $0.75 during midday trading on Wednesday, hitting $74.78. The stock had a trading volume of 158,641 shares, compared to its average volume of 576,970. The company has a quick ratio of 0.38, a current ratio of 0.34 and a debt-to-equity ratio of 0.07. RLI Corp. has a 1-year low of $67.53 and a 1-year high of $91.14. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 19.99 and a beta of 0.46. The company has a fifty day moving average price of $79.41 and a 200 day moving average price of $79.23.

RLI (NYSE:RLI) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%. On average, analysts predict that RLI Corp. will post 3.09 earnings per share for the current year.

Insider Buying and Selling at RLI

In related news, Director David B. Duclos purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $72.50 per share, for a total transaction of $145,000.00. Following the transaction, the director now owns 7,215 shares of the company’s stock, valued at $523,087.50. This trade represents a 38.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig W. Kliethermes acquired 5,000 shares of RLI stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $71.35 per share, with a total value of $356,750.00. Following the transaction, the chief executive officer now directly owns 139,190 shares in the company, valued at approximately $9,931,206.50. This trade represents a 3.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 11,200 shares of company stock worth $805,774 over the last 90 days. Insiders own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RLI. Keefe, Bruyette & Woods decreased their target price on RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Compass Point decreased their price target on RLI from $185.00 to $82.00 and set a “buy” rating for the company in a report on Monday, January 27th. Royal Bank of Canada dropped their price objective on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Oppenheimer began coverage on shares of RLI in a research note on Wednesday, October 16th. They issued a “market perform” rating for the company. Finally, StockNews.com lowered shares of RLI from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.80.

Institutional Trading of RLI

Several institutional investors have recently added to or reduced their stakes in RLI. Marshall Wace LLP acquired a new stake in RLI during the second quarter valued at approximately $244,000. Sanctuary Advisors LLC acquired a new stake in shares of RLI during the 2nd quarter valued at approximately $770,000. SG Americas Securities LLC lifted its stake in RLI by 327.3% during the third quarter. SG Americas Securities LLC now owns 4,593 shares of the insurance provider’s stock worth $712,000 after purchasing an additional 3,518 shares during the last quarter. GAMMA Investing LLC boosted its holdings in RLI by 42.5% in the third quarter. GAMMA Investing LLC now owns 785 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 234 shares during the period. Finally, CWM LLC increased its stake in RLI by 3.4% during the third quarter. CWM LLC now owns 3,875 shares of the insurance provider’s stock valued at $601,000 after purchasing an additional 126 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.