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RLI Corp. (NYSE:RLI – Loose Record) – Analysis analysts at Zacks Analysis boosted their Q3 2024 revenue in step with proportion estimates for RLI in a analysis word issued to traders on Wednesday, September twentieth. Zacks Analysis analyst T. De now expects that the insurance coverage supplier will put up revenue in step with proportion of $0.97 for the quarter, up from their earlier estimate of $0.93. The consensus estimate for RLI’s present full-year revenue is $4.50 in step with proportion.
RLI (NYSE:RLI – Get Loose Record) final posted its quarterly revenue information on Monday, July twenty fourth. The insurance coverage supplier reported $1.16 revenue in step with proportion (EPS) for the quarter, lacking the consensus estimate of $1.19 by way of ($0.03). RLI had a go back on fairness of 16.97% and a internet margin of 36.31%. The industry had earnings of $381.86 million for the quarter, in comparison to analyst estimates of $358.35 million. All the way through the similar quarter final yr, the industry earned $1.49 EPS.
Different equities analysis analysts have additionally just lately issued analysis reviews concerning the corporate. Compass Level raised their fee function on RLI from $165.00 to $170.00 in a file on Thursday, July twenty seventh. StockNews.com assumed protection on RLI in a file on Thursday, August seventeenth. They issued a “hang” ranking at the inventory. After all, Jefferies Monetary Staff assumed protection on RLI in a file on Thursday, September seventh. They issued a “purchase” ranking and a $155.00 goal fee at the inventory.
RLI Inventory Up 0.0 %
RLI inventory opened at $139.99 on Monday. RLI has a 52-week low of $100.96 and a 52-week prime of $149.65. The inventory’s fifty day easy transferring moderate is $134.51 and its 200-day easy transferring moderate is $133.33. The inventory has a marketplace capitalization of $6.38 billion, a price-to-earnings ratio of 8.99 and a beta of 0.42.
Institutional Traders Weigh In On RLI
A number of institutional traders and hedge price range have just lately changed their holdings of RLI. Eagle Bay Advisors LLC bought a brand new stake in stocks of RLI in the second one quarter price about $25,000. Compass Wealth Control LLC bought a brand new stake in stocks of RLI within the fourth quarter price about $32,000. West Tower Staff LLC bought a brand new stake in stocks of RLI in the second one quarter price about $37,000. HM Payson & Co. bought a brand new stake in stocks of RLI within the first quarter price about $48,000. After all, Bessemer Staff Inc. boosted its place in stocks of RLI by way of 47.5% within the first quarter. Bessemer Staff Inc. now owns 376 stocks of the insurance coverage supplier’s inventory price $50,000 after purchasing an extra 121 stocks all the way through the length. Hedge price range and different institutional traders personal 79.23% of the corporate’s inventory.
RLI Dividend Announcement
The industry additionally just lately introduced a quarterly dividend, which used to be paid on Wednesday, September twentieth. Stockholders of file on Thursday, August thirty first got a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date used to be Wednesday, August thirtieth. RLI’s payout ratio is 6.93%.
RLI Corporate Profile
RLI Corp., an insurance coverage keeping corporate, underwrites belongings and casualty insurance coverage in america and across the world. Its Casualty section supplies industrial and private protection merchandise; and common legal responsibility merchandise, reminiscent of protection for third-party legal responsibility of industrial insureds, together with producers, contractors, residences, and mercantile.
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