Rep. Jefferson Shreve Sells Off Shares of RLI Corp. (NYSE:RLI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in RLI stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

RLI Stock Up 0.8 %

Shares of RLI stock traded up $0.61 during trading hours on Wednesday, reaching $78.24. 36,667 shares of the company were exchanged, compared to its average volume of 357,464. The firm has a market cap of $7.18 billion, a PE ratio of 20.87 and a beta of 0.49. The stock’s fifty day moving average is $76.23 and its 200 day moving average is $79.45. RLI Corp. has a 1 year low of $67.53 and a 1 year 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) last announced 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 net margin of 19.53% and a return on equity of 16.63%. As a group, equities research analysts forecast that RLI Corp. will post 3.08 earnings per share for the current year.

RLI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from RLI’s previous quarterly dividend of $0.15. RLI’s dividend payout ratio (DPR) is currently 16.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on RLI. 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 cut their price objective on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods lowered their target price on shares of RLI from $95.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group lowered shares of RLI from a “buy” rating to an “underperform” rating and cut their price target for the stock from $95.00 to $61.00 in a research note on Monday, January 27th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of RLI in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.80.

Insider Activity

In related news, CEO Craig W. Kliethermes acquired 5,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $71.35 per share, with a total value of $356,750.00. Following the acquisition, the chief executive officer now directly owns 139,190 shares in the company, valued at approximately $9,931,206.50. The trade was a 3.73 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert P. Restrepo, Jr. sold 2,864 shares of RLI stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total value of $214,484.96. Following the completion of the transaction, the director now owns 23,312 shares of the company’s stock, valued at approximately $1,745,835.68. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought 11,200 shares of company stock worth $805,774 over the last 90 days. Company insiders own 5.09% of the company’s stock.

Hedge Funds Weigh In On RLI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLI. Vanguard Group Inc. boosted its holdings in shares of RLI by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider’s stock worth $759,577,000 after purchasing an additional 41,884 shares during the last quarter. Neuberger Berman Group LLC grew its stake in RLI by 1.5% during the fourth quarter. Neuberger Berman Group LLC now owns 1,331,526 shares of the insurance provider’s stock worth $219,475,000 after buying an additional 19,695 shares during the period. Geode Capital Management LLC boosted its position in shares of RLI by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider’s stock worth $168,907,000 after buying an additional 116,088 shares during the period. Dimensional Fund Advisors LP lifted its position in RLI by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 941,185 shares of the insurance provider’s stock worth $155,136,000 after acquiring an additional 7,609 shares in the last quarter. Finally, Port Capital LLC boosted its holdings in RLI by 0.9% in the 4th quarter. Port Capital LLC now owns 766,668 shares of the insurance provider’s stock worth $126,370,000 after acquiring an additional 6,680 shares during the period. 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 [email protected] 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.

About RLI

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.