RLI (NYSE:RLI) Posts Earnings Results, Beats Estimates By $0.26 EPS

RLI (NYSE:RLIGet Free Report) posted its quarterly earnings data 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 company 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%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share.

RLI Trading Up 0.7 %

RLI opened at $141.25 on Tuesday. The company has a fifty day moving average price of $144.42 and a two-hundred day moving average price of $138.79. RLI has a 1-year low of $123.04 and a 1-year high of $149.65. The company has a market cap of $6.46 billion, a P/E ratio of 21.34 and a beta of 0.37. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

RLI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 0.76%. RLI’s dividend payout ratio is currently 16.31%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RLI shares. Royal Bank of Canada restated 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 boosted their target price on shares of RLI from $160.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th.

View Our Latest Analysis on RLI

About RLI

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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.

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Earnings History for RLI (NYSE:RLI)

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