Rep. Byron Donalds Sells RLI Corp. (NYSE:RLI) Stock

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 21st. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

RLI Trading Down 1.2 %

Shares of RLI stock opened at $74.61 on Thursday. The stock has a fifty day simple moving average of $79.17 and a two-hundred day simple moving average of $79.20. RLI Corp. has a 52-week low of $67.53 and a 52-week high of $91.14. The firm has a market capitalization of $6.84 billion, a PE ratio of 19.92 and a beta of 0.46. 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 (NYSE:RLI) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%. On average, analysts predict that RLI Corp. will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com cut RLI from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Royal Bank of Canada reduced their target price on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their target price on shares of RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Compass Point dropped their price target on RLI from $185.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Oppenheimer assumed coverage on shares of RLI in a research report on Wednesday, October 16th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.80.

Insider Activity

In other RLI news, Director Michael J. Stone sold 400 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $84.78, for a total value of $33,910.00. Following the completion of the transaction, the director now directly owns 429,622 shares in the company, valued at approximately $36,421,205.05. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Angelina purchased 2,200 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $72.62 per share, with a total value of $159,764.00. Following the completion of the transaction, the director now owns 23,514 shares of the company’s stock, valued at approximately $1,707,586.68. The trade was a 10.32 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 11,200 shares of company stock worth $805,774. 5.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RLI. UMB Bank n.a. boosted its position in RLI by 620.0% in the 3rd quarter. UMB Bank n.a. now owns 180 shares of the insurance provider’s stock valued at $28,000 after buying an additional 155 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of RLI in the 4th quarter worth approximately $31,000. Versant Capital Management Inc boosted its stake in shares of RLI by 53.8% during the fourth quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. V Square Quantitative Management LLC bought a new position in RLI in the third quarter worth approximately $32,000. Finally, Nomura Asset Management Co. Ltd. boosted its position 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 in the last quarter. 77.89% of the stock is currently owned by institutional investors.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.