Currently, there are 91.62M common shares owned by the public and among those 80.92M shares have been available to trade.
The company’s stock has a 5-day price change of 3.98% and -1.79% over the past three months. RLI shares are trading -5.81% year to date (YTD), with the 12-month market performance up to 13.13% higher. It has a 12-month low price of $65.55 and touched a high of $89.12 over the same period. RLI has an average intraday trading volume of 362.24K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.13%, -6.74%, and 3.61% respectively.
Institutional ownership of RLI Corp (NYSE: RLI) shares accounts for 80.71% of the company’s 91.62M shares outstanding.
It has a market capitalization of $7.11B and a beta (3y monthly) value of 0.48. The stock’s trailing 12-month PE ratio is 17.08, while the earnings-per-share (ttm) stands at $4.54. The company has a debt-to-equity ratio at 0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.26% over the month.
Analysts forecast that RLI Corp (RLI) will achieve an EPS of 0.52 for the current quarter, 0.92 for the next quarter and 3.19 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.43 while analysts give the company a high EPS estimate of 0.43. Comparatively, EPS for the current quarter was 0.77 a year ago. Earnings per share for the fiscal year are expected to increase by 20.47%, and 7.09% over the next financial year.
Wolfe Research coverage for the RLI Corp (RLI) stock in a research note released on October 09, 2024 offered a Outperform rating with a price target of $182. Compass Point on their part issued Buy rating on February 22, 2022.
