7,272 Shares in RLI Corp. (NYSE:RLI) Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of RLI Corp. (NYSE:RLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,272 shares of the insurance provider's stock, valued at approximately $1,199,000.

Several other large investors also recently added to or reduced their stakes in RLI. Raymond James Financial Inc. purchased a new stake in RLI in the 4th quarter worth about $17,854,000. Proficio Capital Partners LLC acquired a new stake in shares of RLI during the fourth quarter worth approximately $2,146,000. Atria Investments Inc boosted its holdings in shares of RLI by 3.6% during the fourth quarter. Atria Investments Inc now owns 9,722 shares of the insurance provider's stock worth $1,602,000 after purchasing an additional 342 shares during the period. Charles Schwab Investment Management Inc. grew its position in RLI by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,752 shares of the insurance provider's stock valued at $77,759,000 after purchasing an additional 9,131 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in RLI in the 4th quarter valued at approximately $56,000. 77.89% of the stock is owned by institutional investors and hedge funds.

RLI Stock Down 1.1 %

Shares of RLI traded down $0.86 during trading hours on Tuesday, hitting $74.51. 318,875 shares of the company were exchanged, compared to its average volume of 527,006. The firm's 50 day moving average is $76.16 and its 200-day moving average is $79.41. 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 Corp. has a 52 week low of $67.53 and a 52 week high of $91.14. The company has a market cap of $6.84 billion, a PE ratio of 19.90 and a beta of 0.39.

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RLI (NYSE:RLI - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%. On average, equities research analysts forecast that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.15 per share. This is an increase from RLI's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.81%. RLI's dividend payout ratio is presently 16.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RLI. StockNews.com raised shares of RLI from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Jefferies Financial Group downgraded RLI from a "buy" rating to an "underperform" rating and lowered their target price for the company from $95.00 to $61.00 in a research note on Monday, January 27th. Compass Point cut their price target on RLI from $185.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, January 27th. JMP Securities reissued a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on RLI from $100.50 to $100.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $82.80.

Insider Buying and Selling at RLI

In related news, Director David B. Duclos purchased 2,000 shares of RLI stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $72.50 per share, with a total value of $145,000.00. Following the acquisition, the director now directly owns 7,215 shares in the company, valued at approximately $523,087.50. This trade represents a 38.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael E. Angelina acquired 2,200 shares of the company's stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $72.62 per share, for a total transaction of $159,764.00. Following the acquisition, the director now owns 23,514 shares in the company, valued at approximately $1,707,586.68. This trade represents a 10.32 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 11,200 shares of company stock valued at $805,774 in the last 90 days. 5.09% of the stock is currently owned by insiders.

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.