August 22, 2017 – By Clifton Ray
Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.15, from 1.08 in 2016Q3. It improved, as 20 investors sold RLI Corp. shares while 55 reduced holdings. 30 funds opened positions while 62 raised stakes. 35.58 million shares or 3.15% more from 34.49 million shares in 2016Q3 were reported.
Commonwealth Equity owns 3,592 shares or 0% of their US portfolio. Raymond James Fincl Svcs reported 3,458 shares. Metropolitan Life Insurance New York reported 0.01% of its portfolio in RLI Corp. (NYSE:RLI). Swiss Retail Bank has invested 0.01% of its portfolio in RLI Corp. (NYSE:RLI). Pinebridge L P holds 0.01% in RLI Corp. (NYSE:RLI) or 4,907 shares. Janus Capital Ltd Liability stated it has 446,709 shares or 0.02% of all its holdings. Pine River Cap Mngmt Ltd Partnership has invested 0.02% in RLI Corp. (NYSE:RLI). State Common Retirement Fund holds 0% in RLI Corp. (NYSE:RLI) or 39,800 shares. Da Davidson & invested in 860 shares. Pnc Ser Group holds 0.07% or 989,385 shares in its portfolio. Jennison Assoc Ltd has 0% invested in RLI Corp. (NYSE:RLI) for 32,502 shares. Los Angeles Capital Management And Equity Research Inc owns 14,680 shares or 0.01% of their US portfolio. Arizona State Retirement holds 19,694 shares. Kcg Hldgs reported 0.01% of its portfolio in RLI Corp. (NYSE:RLI). New Jersey-based Landscape Limited has invested 0.05% in RLI Corp. (NYSE:RLI).
Since April 4, 2017, it had 1 buy, and 2 selling transactions for $236,776 activity. The insider RESTREPO ROBERT P JR bought $94,872. On Tuesday, April 4 STONE MICHAEL J sold $55,420 worth of RLI Corp. (NYSE:RLI) or 941 shares.
RLI Corp. (NYSE:RLI) Ratings Coverage
Among 6 analysts covering RLI Corporation (NYSE:RLI), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. RLI Corporation had 17 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 20 by FBR Capital. Compass Point maintained it with “Neutral” rating and $55.0 target in Wednesday, January 27 report. The rating was downgraded by RBC Capital Markets on Friday, December 9 to “Underperform”. RBC Capital Markets maintained RLI Corp. (NYSE:RLI) rating on Monday, June 26. RBC Capital Markets has “Sell” rating and $5000 target. The stock has “Hold” rating by FBR Capital on Friday, April 21. The firm has “Sell” rating given on Monday, July 31 by RBC Capital Markets. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, September 3 report. The stock has “Neutral” rating by Compass Point on Wednesday, October 21. The firm has “Sector Perform” rating given on Wednesday, October 21 by RBC Capital Markets. The firm has “Sell” rating given on Tuesday, May 23 by RBC Capital Markets. Below is a list of RLI Corp. (NYSE:RLI) latest ratings and price target changes.
17/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $51.0 Maintain
31/07/2017 Broker: RBC Capital Markets Rating: Sell New Target: $50.0000 Maintain
20/07/2017 Broker: FBR Capital Rating: Hold Maintain
26/06/2017 Broker: RBC Capital Markets Rating: Sell New Target: $50.0000 Maintain
23/05/2017 Broker: RBC Capital Markets Rating: Sell New Target: $50.00 Maintain
21/04/2017 Broker: FBR Capital Rating: Hold Maintain
About 37,912 shares traded. RLI Corp. (NYSE:RLI) has declined 13.83% since August 22, 2016 and is downtrending. It has underperformed by 30.53% the S&P500.
RLI Corp. is a specialty insurance company. The company has market cap of $2.39 billion. The Firm underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It has a 24.08 P/E ratio. It operates through Casualty, Property and Surety divisions.
More important recent RLI Corp. (NYSE:RLI) news were published by: Streetinsider.com which released: “RLI Corp. (RLI) Declares $0.21 Quarterly Dividend; 1.5% Yield” on August 05, 2017, also Seekingalpha.com published article titled: “RLI Corp’s (RLI) CEO Jon Michael on Q1 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “RLI Corp’s (RLI) CEO Jon Michael on Q4 2016 Results – Earnings Call Transcript” on January 26, 2017. More interesting news about RLI Corp. (NYSE:RLI) was released by: Zacks.com and their article: “Why Is RLI Down 5.4% Since the Last Earnings Report?” with publication date: August 22, 2017.
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