Yousif Capital Management LLC Sells 603 Shares of RLI Corp. (NYSE:RLI)

Yousif Capital Management LLC trimmed its position in shares of RLI Corp. (NYSE:RLI) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,986 shares of the insurance provider’s stock after selling 603 shares during the quarter. Yousif Capital Management LLC’s holdings in RLI were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RLI. Blue Trust Inc. purchased a new stake in RLI during the fourth quarter valued at $25,000. Gladius Capital Management LP lifted its stake in shares of RLI by 129.7% in the 3rd quarter. Gladius Capital Management LP now owns 271 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 153 shares during the period. GAMMA Investing LLC purchased a new position in shares of RLI in the fourth quarter worth approximately $41,000. Quantbot Technologies LP purchased a new position in shares of RLI during the 3rd quarter worth $60,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of RLI during the 4th quarter valued at $127,000. 77.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RLI. Royal Bank of Canada raised their target price on RLI from $148.00 to $155.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lifted their price objective on RLI from $160.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JMP Securities reissued a “market perform” rating on shares of RLI in a report on Tuesday, April 23rd. Finally, Compass Point raised their target price on shares of RLI from $158.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, RLI currently has an average rating of “Moderate Buy” and a consensus target price of $163.25.

RLI Stock Down 1.5 %

RLI stock opened at $141.95 on Tuesday. RLI Corp. has a 52-week low of $123.04 and a 52-week high of $149.20. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 19.61 and a beta of 0.37. The firm’s fifty day moving average is $144.78 and its 200 day moving average is $139.11.

RLI (NYSE:RLI) last issued its quarterly earnings results on Monday, April 22nd. The insurance provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.26. RLI had a return on equity of 17.24% and a net margin of 20.96%. The company had revenue of $444.80 million during the quarter, compared to the consensus estimate of $460.05 million. During the same period last year, the company earned $1.63 earnings per share. RLI’s revenue was up 21.9% on a year-over-year basis. On average, equities research analysts anticipate that RLI Corp. will post 5.74 earnings per share for the current fiscal year.

RLI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, February 29th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 0.76%. RLI’s payout ratio is 14.92%.

RLI 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.