RLI (NYSE:RLI – Get Free Report) issued its quarterly earnings data on Monday. The insurance provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.37, Briefing.com reports. RLI had a net margin of 20.78% and a return on equity of 18.89%. The business had revenue of $416.44 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the company earned $1.16 EPS. The business’s revenue was up 9.1% on a year-over-year basis.
RLI Stock Performance
Shares of NYSE:RLI traded up $0.90 during trading on Thursday, hitting $142.57. The company’s stock had a trading volume of 7,110 shares, compared to its average volume of 164,063. The company has a market capitalization of $6.52 billion, a PE ratio of 19.56 and a beta of 0.41. RLI has a fifty-two week low of $125.77 and a fifty-two week high of $149.20. The business has a 50 day moving average price of $142.00 and a two-hundred day moving average price of $142.73.
RLI Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, May 31st. This is a boost from RLI’s previous quarterly dividend of $0.27. RLI’s dividend payout ratio is currently 16.02%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on RLI
About RLI
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.
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