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

Posted by Defense World Staff on Aug 2nd, 2025

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 Stock Down 0.3%

Shares of NYSE:RLI opened at $65.80 on Friday. RLI Corp. has a one year low of $65.14 and a one year high of $91.14. The company has a 50 day moving average of $71.74 and a 200-day moving average of $74.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 18.85 and a beta of 0.66.

RLI (NYSE:RLI – Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The insurance provider reported $0.84 EPS 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 company had revenue of $562.28 million during the quarter, compared to analysts’ expectations of $445.55 million. During the same quarter in the previous year, the company earned $1.72 EPS. RLI’s revenue was up 20.0% on a year-over-year basis. On average, sell-side 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 Friday, June 20th. Stockholders of record on Friday, May 30th were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. This is a positive change from RLI’s previous quarterly dividend of $0.15. RLI’s dividend payout ratio is presently 18.34%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of RLI from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods lowered their price target on shares of RLI from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. JMP Securities reiterated a “market perform” rating on shares of RLI in a research report on Thursday, April 24th. Finally, Compass Point cut shares of RLI from a “strong-buy” rating to a “hold” rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.60.

Get Our Latest Stock Report on RLI

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RLI. Caitong International Asset Management Co. Ltd grew its holdings in RLI by 7,300.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 370 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 365 shares during the period. Chung Wu Investment Group LLC acquired a new position in shares of RLI in the second quarter valued at approximately $29,000. Golden State Wealth Management LLC boosted its holdings in shares of RLI by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 372 shares of the insurance provider’s stock valued at $30,000 after buying an additional 186 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of RLI by 100.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396 shares of the insurance provider’s stock valued at $32,000 after buying an additional 198 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of RLI by 100.0% in the first quarter. Versant Capital Management Inc now owns 406 shares of the insurance provider’s stock valued at $33,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 77.89% of the company’s stock.

Insider Buying and Selling at RLI

In related news, COO Jennifer L. Klobnak purchased 3,000 shares of RLI stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of $69.15 per share, for a total transaction of $207,450.00. Following the completion of the acquisition, the chief operating officer directly owned 98,450 shares of the company’s stock, valued at $6,807,817.50. This represents a 3.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by company insiders.

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

(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.