Rli Corp (NYSE:RLI): Institutional Investor Sentiment Up to 1.36

January 19, 2018 - By Darrin Black

 Rli Corp (NYSE:RLI): Institutional Investor Sentiment Up to 1.36

Sentiment for Rli Corp (NYSE:RLI)

Rli Corp (NYSE:RLI) institutional sentiment increased to 1.36 in 2017 Q3. Its up 0.02, from 1.34 in 2017Q2. The ratio improved, as 79 investment managers increased or started new holdings, while 58 cut down and sold positions in Rli Corp. The investment managers in our partner’s database now possess: 36.22 million shares, down from 36.25 million shares in 2017Q2. Also, the number of investment managers holding Rli Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 47 Increased: 58 New Position: 21.

RLI Corp., through its subsidiaries, underwrites property and casualty insurance in the United States. The company has market cap of $2.61 billion. The Company’s Casualty segment provides commercial and personal umbrella coverage products; and general liability products, such as coverage for third party liability of commercial insureds, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile. It has a 32.86 P/E ratio. This segment also offers coverages in the area of onshore energy related businesses, as well as environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and commercial automobile liability and physical damage insurance products, and other types of commercial automobile risks, as well as related insurance coverages, such as general liability, excess liability, and motor truck cargo.

The stock increased 0.73% or $0.43 during the last trading session, reaching $59.14. About 23,723 shares traded. RLI Corp. (NYSE:RLI) has declined 13.83% since January 19, 2017 and is downtrending. It has underperformed by 30.53% the S&P500.

Analysts await RLI Corp. (NYSE:RLI) to report earnings on January, 24. They expect $0.47 EPS, down 16.07 % or $0.09 from last year’s $0.56 per share. RLI’s profit will be $20.71 million for 31.46 P/E if the $0.47 EPS becomes a reality. After $0.04 actual EPS reported by RLI Corp. for the previous quarter, Wall Street now forecasts 1,075.00 % EPS growth.

Van Berkom & Associates Inc. holds 1.71% of its portfolio in RLI Corp. for 831,754 shares. Markel Corp owns 1.20 million shares or 1.37% of their US portfolio. Moreover, Snyder Capital Management L P has 1.3% invested in the company for 454,051 shares. The Illinois-based Vaughan David Investments Inc Il has invested 1.08% in the stock. Mad River Investors, a Massachusetts-based fund reported 15,620 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 sales for $124,661 activity.

RLI Corp. (NYSE:RLI) Ratings Coverage

Ratings analysis reveals 0 of RLI Corporation’s analysts are positive. Out of 6 Wall Street analysts rating RLI Corporation, 0 give it “Buy”, 3 “Sell” rating, while 3 recommend “Hold”. The lowest target is $40 while the high is $58.0. The stock’s average target of $49.33 is -16.59% below today’s ($59.14) share price. RLI was included in 23 notes of analysts from July 22, 2015. RBC Capital Markets maintained the shares of RLI in report on Tuesday, May 23 with “Sell” rating. The stock of RLI Corp. (NYSE:RLI) earned “Neutral” rating by Compass Point on Wednesday, October 21. As per Thursday, January 7, the company rating was upgraded by Keefe Bruyette & Woods. The rating was maintained by Compass Point with “Neutral” on Wednesday, January 27. On Thursday, August 17 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, October 18. RBC Capital Markets maintained it with “Sell” rating and $51.0 target in Friday, October 20 report. As per Friday, April 21, the company rating was maintained by FBR Capital. The firm has “Sell” rating given on Monday, June 26 by RBC Capital Markets. The company was maintained on Monday, September 18 by Keefe Bruyette & Woods.

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