RLI (NYSE:RLI – Get Free Report) issued its earnings results on Monday. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.33, Briefing.com reports. The business had revenue of $470.00 million for the quarter, compared to analyst estimates of $491.54 million. RLI had a net margin of 20.78% and a return on equity of 18.33%. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS.
RLI Trading Down 1.8 %
Shares of RLI stock opened at $159.05 on Wednesday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 21.70 and a beta of 0.41. RLI has a 1 year low of $125.77 and a 1 year high of $164.25. The firm’s fifty day simple moving average is $154.19 and its 200 day simple moving average is $146.95.
RLI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a $0.29 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 0.73%. RLI’s dividend payout ratio is 15.83%.
Analysts Set New Price Targets
Get Our Latest Stock Report on RLI
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.
See Also
- Five stocks we like better than RLI
- Why Are These Companies Considered Blue Chips?
- Short Sellers Eye Palantir: Should You Buy the Dip?
- How to Read Stock Charts for Beginners
- Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?
- How to Calculate Stock Profit
- Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows
Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.