Charles Schwab Investment Management Inc. Raises Stake in RLI Corp. (NYSE:RLI)

Charles Schwab Investment Management Inc. boosted its holdings in shares of RLI Corp. (NYSE:RLI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,752 shares of the insurance provider's stock after buying an additional 9,131 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.51% of RLI worth $77,759,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc raised its position in shares of RLI by 8.5% in the 3rd quarter. Atria Investments Inc now owns 9,380 shares of the insurance provider's stock worth $1,454,000 after acquiring an additional 735 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in RLI by 46.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,072 shares of the insurance provider's stock valued at $631,000 after acquiring an additional 1,286 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of RLI by 22.5% during the third quarter. Los Angeles Capital Management LLC now owns 113,651 shares of the insurance provider's stock worth $17,614,000 after buying an additional 20,905 shares during the period. Aigen Investment Management LP lifted its stake in RLI by 118.3% in the third quarter. Aigen Investment Management LP now owns 5,679 shares of the insurance provider's stock worth $880,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Empower Advisory Group LLC grew its holdings in RLI by 1.8% during the 3rd quarter. Empower Advisory Group LLC now owns 120,700 shares of the insurance provider's stock worth $18,706,000 after acquiring an additional 2,157 shares in the last quarter. Institutional investors own 77.89% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RLI shares. Jefferies Financial Group cut shares of RLI from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $95.00 to $61.00 in a research report on Monday, January 27th. StockNews.com raised RLI from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Compass Point cut their target price on RLI from $185.00 to $82.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Royal Bank of Canada decreased their target price on RLI from $88.00 to $80.00 and set a "sector perform" rating for the company in a research note on Friday, January 24th. Finally, JMP Securities reiterated a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $82.80.

Insider Buying and Selling

In other RLI news, Director Jordan W. Graham sold 1,500 shares of RLI stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $74.77, for a total value of $112,155.00. Following the transaction, the director now directly owns 12,854 shares in the company, valued at approximately $961,093.58. This trade represents a 10.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Angelina bought 2,200 shares of the company's stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $72.62 per share, for a total transaction of $159,764.00. Following the acquisition, the director now owns 23,514 shares of the company's stock, 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 purchased a total of 11,200 shares of company stock valued at $805,774 over the last quarter. 5.09% of the stock is currently owned by insiders.

RLI Stock Performance

NYSE:RLI traded up $0.48 during mid-day trading on Thursday, reaching $74.45. 276,569 shares of the stock were exchanged, compared to its average volume of 518,570. The stock has a market capitalization of $6.83 billion, a P/E ratio of 19.88 and a beta of 0.39. RLI Corp. has a 1 year low of $67.53 and a 1 year high of $91.14. The company has a 50 day simple moving average of $75.69 and a 200-day simple moving average of $79.33. The company has a quick ratio of 0.38, a current ratio of 0.34 and a debt-to-equity ratio of 0.07.

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

RLI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 0.81%. RLI's dividend payout ratio is 16.00%.

RLI 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.