Rep. Byron Donalds Sells Off Shares of RLI Corp. (NYSE:RLI)

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. NYSE: RLI. In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 16th. The trade occurred in the Representative's "MORAN WEALTH IRA" account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of RLI NYSE: RLI on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 1/16/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 1/16/2025.
• Sold $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/16/2025.

RLI Price Performance

NYSE RLI traded down $0.89 during trading on Friday, hitting $75.16. 479,211 shares of the company's stock were exchanged, compared to its average volume of 621,344. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.89 billion, a PE ratio of 20.07 and a beta of 0.46. RLI Corp. has a fifty-two week low of $67.53 and a fifty-two week high of $91.14. The stock's 50 day moving average price is $78.75 and its two-hundred day moving average price is $79.22.

RLI (NYSE:RLI - Get Free Report) last issued 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%. Research analysts expect that RLI Corp. will post 3.09 EPS for the current year.

RLI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.80%. RLI's payout ratio is presently 15.49%.

Institutional Trading of RLI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in RLI by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider's stock valued at $759,577,000 after purchasing an additional 41,884 shares during the period. State Street Corp boosted its holdings in shares of RLI by 1.3% during the 3rd quarter. State Street Corp now owns 4,393,250 shares of the insurance provider's stock worth $680,866,000 after buying an additional 58,167 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of RLI by 1.5% during the 4th quarter. Neuberger Berman Group LLC now owns 1,331,526 shares of the insurance provider's stock worth $219,475,000 after buying an additional 19,695 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of RLI by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider's stock worth $168,907,000 after buying an additional 116,088 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of RLI by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 941,185 shares of the insurance provider's stock worth $155,136,000 after buying an additional 7,609 shares in the last quarter. Institutional investors and hedge funds own 77.89% of the company's stock.

Insiders Place Their Bets

In other RLI news, Director Michael J. Stone sold 400 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 429,622 shares in the company, valued at approximately $36,421,205.05. This represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Duclos purchased 2,000 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $72.50 per share, for a total transaction of $145,000.00. Following the completion of the acquisition, the director now directly owns 7,215 shares in the company, valued at approximately $523,087.50. This represents a 38.35 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 11,200 shares of company stock worth $805,774. Corporate insiders own 5.09% of the company's stock.

Analyst Ratings Changes

RLI has been the subject of several research analyst reports. StockNews.com downgraded RLI from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Jefferies Financial Group downgraded RLI from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $95.00 to $61.00 in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on RLI from $100.50 to $100.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. Finally, Compass Point lowered their price objective on RLI from $185.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $82.80.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the 2026 election. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.