RLI Corp. (NYSE:RLI) Shares Sold by Snyder Capital Management L P

25 Apr 2025, 09:54 by Jessica Moore · The Cerbat Gem

Snyder Capital Management L P trimmed its position in shares of RLI Corp. (NYSE:RLI – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,405 shares of the insurance provider’s stock after selling 12,000 shares during the period. Snyder Capital Management L P owned approximately 0.28% of RLI worth $42,923,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of RLI by 53.8% in 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. SkyView Investment Advisors LLC raised its position in shares of RLI by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,545 shares of the insurance provider’s stock valued at $704,000 after purchasing an additional 103 shares in the last quarter. Brookstone Capital Management raised its holdings in RLI by 7.5% in the fourth quarter. Brookstone Capital Management now owns 1,827 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 127 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in RLI by 10.0% in the fourth quarter. Everhart Financial Group Inc. now owns 1,633 shares of the insurance provider’s stock valued at $269,000 after buying an additional 148 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in RLI by 47.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 497 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 159 shares during the period. 77.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada lowered 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. Jefferies Financial Group downgraded shares of RLI from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $95.00 to $61.00 in a research report on Monday, January 27th. JMP Securities restated a “market perform” rating on shares of RLI in a research report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of RLI from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Compass Point reiterated a “neutral” rating and issued a $76.00 target price (down from $82.00) on shares of RLI in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $78.60.

Read Our Latest Stock Report on RLI

Insider Transactions at RLI

In other news, Director David B. Duclos bought 2,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $72.50 per share, for a total transaction of $145,000.00. Following the completion of the purchase, the director now owns 7,215 shares of the company’s stock, valued at approximately $523,087.50. The trade was a 38.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert P. Restrepo, Jr. sold 2,864 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total value of $214,484.96. Following the sale, the director now owns 23,312 shares in the company, valued at $1,745,835.68. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.

RLI Stock Performance

RLI stock opened at $75.22 on Friday. The firm has a 50 day simple moving average of $76.45 and a 200 day simple moving average of $79.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.34. RLI Corp. has a 52 week low of $68.50 and a 52 week high of $91.15. The stock has a market cap of $6.90 billion, a P/E ratio of 20.09 and a beta of 0.49.

RLI (NYSE:RLI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. RLI had a net margin of 19.53% and a return on equity of 16.63%. The business had revenue of $36.73 million during the quarter, compared to the consensus estimate of $442.20 million. Research 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 was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. This is a boost from RLI’s previous quarterly dividend of $0.15. RLI’s payout ratio is presently 16.00%.

About RLI

(Free Report)

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.