Los Angeles Capital Management LLC Has $16.80 Million Position in RLI Corp. (NYSE:RLI)

Los Angeles Capital Management LLC decreased its holdings in RLI Corp. (NYSE:RLI - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,925 shares of the insurance provider's stock after selling 11,726 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.11% of RLI worth $16,800,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in shares of RLI by 0.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,879 shares of the insurance provider's stock worth $1,221,000 after buying an additional 66 shares during the period. Versant Capital Management Inc grew its position in shares of RLI by 53.8% during the 4th quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider's stock worth $33,000 after buying an additional 71 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of RLI by 2.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,723 shares of the insurance provider's stock worth $577,000 after buying an additional 95 shares during the period. Louisiana State Employees Retirement System grew its position in shares of RLI by 0.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the insurance provider's stock worth $1,782,000 after buying an additional 100 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of RLI by 76.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider's stock worth $36,000 after buying an additional 100 shares during the period. Institutional investors own 77.89% of the company's stock.

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RLI Stock Up 0.5 %

RLI traded up $0.35 during trading on Friday, reaching $76.13. The company had a trading volume of 822,545 shares, compared to its average volume of 547,981. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.34 and a quick ratio of 0.38. RLI Corp. has a 12 month low of $67.53 and a 12 month high of $91.14. The business's fifty day moving average price is $77.03 and its 200 day moving average price is $79.28. The company has a market cap of $6.99 billion, a P/E ratio of 20.33 and a beta of 0.46.

RLI (NYSE:RLI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%. Equities analysts anticipate that RLI Corp. will post 3.08 EPS for the current year.

RLI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, February 28th. This is a positive change from RLI's previous quarterly dividend of $0.15. RLI's payout ratio is currently 16.00%.

Insider Transactions at RLI

In other news, Director David B. Duclos purchased 2,000 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $72.50 per share, with a total value of $145,000.00. Following the completion of the transaction, the director now owns 7,215 shares of the company's stock, valued at $523,087.50. The trade was a 38.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Stone sold 400 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $84.78, for a total transaction of $33,910.00. Following the sale, the director now directly owns 429,622 shares in the company, valued at $36,421,205.05. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 11,200 shares of company stock valued at $805,774 over the last 90 days. 5.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on RLI. Keefe, Bruyette & Woods decreased their price objective on shares of RLI from $100.50 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Compass Point decreased their price objective on shares of RLI from $185.00 to $82.00 and set a "buy" rating for the company in a report on Monday, January 27th. Royal Bank of Canada decreased their price objective on shares of RLI from $88.00 to $80.00 and set a "sector perform" rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of RLI from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, JMP Securities restated a "market perform" rating on shares of RLI in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RLI currently has a consensus rating of "Hold" and a consensus price target of $82.80.

RLI Company 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.