Rep. Jefferson Shreve Sells Off Shares of RLI Corp. (NYSE:RLI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of RLI Corp. NYSE: RLI. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in RLI stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

RLI Price Performance

NYSE:RLI traded up $0.40 during mid-day trading on Friday, hitting $77.76. 388,763 shares of the stock traded hands, compared to its average volume of 359,569. The business's 50-day moving average price is $76.28 and its 200 day moving average price is $79.44. The company has a quick ratio of 0.38, a current ratio of 0.34 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.14 billion, a PE ratio of 20.76 and a beta of 0.49. RLI Corp. has a 12-month low of $68.50 and a 12-month high of $91.15.

RLI (NYSE:RLI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share 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, analysts expect that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from RLI's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. RLI's dividend payout ratio is currently 16.00%.

Insider Transactions at RLI

In other news, CEO Craig W. Kliethermes purchased 5,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of $71.35 per share, for a total transaction of $356,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 139,190 shares in the company, valued at $9,931,206.50. This represents a 3.73 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert P. Restrepo, Jr. sold 2,864 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $74.89, for a total transaction of $214,484.96. Following the sale, the director now directly owns 23,312 shares of the company's stock, valued at $1,745,835.68. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 11,200 shares of company stock valued at $805,774 in the last ninety days. 2.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RLI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of RLI from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com raised shares of RLI from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Compass Point reduced their target price on RLI from $185.00 to $82.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their price objective on RLI from $88.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given 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 an average price target of $79.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in RLI during the fourth quarter valued at $31,000. Versant Capital Management Inc lifted its position in RLI by 53.8% during the 4th quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 71 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in RLI by 76.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider's stock worth $36,000 after purchasing an additional 100 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 purchasing an additional 224 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of RLI during the fourth quarter valued at approximately $56,000. Institutional investors own 77.89% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.