Yousif Capital Management LLC Has $2.46 Million Holdings in RLI Corp. (NYSE:RLI)

Yousif Capital Management LLC trimmed its holdings in shares of RLI Corp. (NYSE:RLI) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,944 shares of the insurance provider’s stock after selling 588 shares during the quarter. Yousif Capital Management LLC’s holdings in RLI were worth $2,463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RLI. UMB Bank n.a. increased its holdings in shares of RLI by 620.0% during the 3rd quarter. UMB Bank n.a. now owns 180 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in RLI during the third quarter worth approximately $32,000. Versant Capital Management Inc grew its holdings in 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 during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of RLI by 76.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in shares of RLI in the third quarter worth $70,000. 77.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RLI shares. Oppenheimer assumed coverage on shares of RLI in a research note on Wednesday, October 16th. They issued a “market perform” rating on the stock. StockNews.com downgraded RLI from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. JMP Securities reissued a “market perform” rating on shares of RLI in a research report on Thursday, January 23rd. Royal Bank of Canada lowered their target price on RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods cut their price target on RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RLI has an average rating of “Hold” and a consensus price target of $82.80.

Insider Transactions at RLI

In related news, CEO Craig W. Kliethermes acquired 5,000 shares of the stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of $71.35 per share, for a total transaction of $356,750.00. Following the purchase, the chief executive officer now owns 139,190 shares in the company, valued at approximately $9,931,206.50. This trade represents a 3.73 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey D. Fick bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $72.13 per share, with a total value of $144,260.00. Following the transaction, the insider now directly owns 142,061 shares in the company, valued at $10,246,859.93. This trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 11,200 shares of company stock valued at $805,774. Company insiders own 5.09% of the company’s stock.

RLI Trading Down 1.4 %

RLI stock opened at $76.91 on Monday. RLI Corp. has a 12 month low of $67.53 and a 12 month high of $91.14. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 20.54 and a beta of 0.46. The business has a 50 day moving average price of $79.86 and a two-hundred day moving average price of $79.13. The company has a quick ratio of 0.38, a current ratio of 0.34 and a debt-to-equity ratio of 0.07.

RLI (NYSE:RLI) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%. As a group, equities analysts forecast that RLI Corp. will post 3.09 EPS for the current year.

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.