WINTON GROUP Ltd Takes $4.94 Million Position in RLI Corp. (NYSE:RLI)

WINTON GROUP Ltd acquired a new stake in shares of RLI Corp. (NYSE:RLI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,966 shares of the insurance provider's stock, valued at approximately $4,939,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RLI. Brown Brothers Harriman & Co. lifted its holdings in shares of RLI by 0.8% during the third quarter. Brown Brothers Harriman & Co. now owns 7,879 shares of the insurance provider's stock valued at $1,221,000 after purchasing an additional 66 shares in the last quarter. Versant Capital Management Inc lifted its stake 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. lifted its stake in RLI by 76.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 100 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of RLI by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,545 shares of the insurance provider's stock valued at $704,000 after acquiring an additional 103 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in shares of RLI by 7.5% in the fourth quarter. Brookstone Capital Management now owns 1,827 shares of the insurance provider's stock worth $301,000 after acquiring an additional 127 shares during the period. 77.89% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

RLI has been the topic of several research reports. JMP Securities restated a "market perform" rating on shares of RLI in a report on Thursday, January 23rd. Compass Point cut their price objective on RLI from $185.00 to $82.00 and set a "buy" rating for the company in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on RLI from $100.50 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada reduced their price target on shares of RLI from $88.00 to $80.00 and set a "sector perform" rating for the company in a research report on Friday, January 24th. Finally, Jefferies Financial Group downgraded shares of RLI from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $95.00 to $61.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $82.80.

RLI Price Performance

Shares of RLI traded down $0.01 during midday trading on Monday, hitting $79.97. 47,681 shares of the company traded hands, compared to its average volume of 498,404. RLI Corp. has a 52 week low of $67.53 and a 52 week high of $91.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.34. The firm has a 50 day moving average of $75.63 and a 200-day moving average of $79.44. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 21.35 and a beta of 0.39.

RLI (NYSE:RLI - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS 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%. On average, analysts forecast that RLI Corp. will post 3.08 EPS for the current fiscal year.

RLI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.15 per share. This is a boost from RLI's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, February 28th. RLI's payout ratio is presently 16.00%.

Insider Buying and Selling at RLI

In other news, Director Robert P. Restrepo, Jr. sold 2,864 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total transaction of $214,484.96. Following the transaction, the director now owns 23,312 shares of the company's stock, valued at approximately $1,745,835.68. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jordan W. Graham sold 1,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $74.77, for a total transaction of $112,155.00. Following the completion of the transaction, the director now owns 12,854 shares in the company, valued at approximately $961,093.58. The trade was a 10.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 11,200 shares of company stock worth $805,774 over the last ninety days. Company insiders own 5.09% of the company's stock.

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.