Louisiana State Employees Retirement System boosted its stake in RLI Corp. (NYSE:RLI - Free Report) by 101.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,400 shares of the insurance provider's stock after purchasing an additional 11,800 shares during the period. Louisiana State Employees Retirement System's holdings in RLI were worth $1,880,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RLI. Golden State Wealth Management LLC increased its stake in shares of RLI by 100.0% during 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. Versant Capital Management Inc increased its stake in shares of RLI by 100.0% during 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. Farther Finance Advisors LLC increased its stake in shares of RLI by 88.5% during the first quarter. Farther Finance Advisors LLC now owns 477 shares of the insurance provider's stock valued at $38,000 after buying an additional 224 shares during the period. Compass Wealth Management LLC increased its stake in shares of RLI by 100.0% during the first quarter. Compass Wealth Management LLC now owns 480 shares of the insurance provider's stock valued at $39,000 after buying an additional 240 shares during the period. Finally, ORG Partners LLC increased its stake in shares of RLI by 100.0% during the first quarter. ORG Partners LLC now owns 566 shares of the insurance provider's stock valued at $46,000 after buying an additional 283 shares during the period. 77.89% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on RLI. Wall Street Zen raised RLI from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their target price on RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research note on Thursday, April 24th. Finally, Compass Point cut RLI from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, RLI has a consensus rating of "Hold" and an average target price of $78.60.

Check Out Our Latest Report on RLI

NYSE RLI traded down $0.15 on Friday, hitting $70.20. 648,947 shares of the company's stock were exchanged, compared to its average volume of 395,526. 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 firm's 50-day moving average price is $73.21 and its two-hundred day moving average price is $75.11. RLI Corp. has a fifty-two week low of $69.16 and a fifty-two week high of $91.15. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 23.09 and a beta of 0.67.

RLI (NYSE:RLI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. The firm had revenue of $36.73 million during the quarter, compared to the consensus estimate of $442.20 million. RLI had a return on equity of 16.26% and a net margin of 16.22%. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, research analysts expect that RLI Corp. will post 3.08 EPS for the current year.

The business 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. This is a boost from RLI's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.91%. RLI's dividend payout ratio (DPR) is presently 21.05%.

(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.

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