RLI (NYSE:RLI – Get Free Report) posted its quarterly earnings data on Monday. The insurance provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.63 by $0.26, Briefing.com reports. The firm had revenue of $444.80 million during the quarter, compared to analyst estimates of $460.05 million. RLI had a net margin of 20.96% and a return on equity of 17.24%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS.
RLI Stock Up 1.3 %
RLI opened at $147.64 on Thursday. The company has a fifty day moving average price of $144.65 and a 200-day moving average price of $138.92. The firm has a market capitalization of $6.75 billion, a P/E ratio of 20.39 and a beta of 0.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.38. RLI has a one year low of $123.04 and a one year high of $149.20.
RLI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, February 28th. RLI’s dividend payout ratio (DPR) is presently 14.92%.
Wall Street Analysts Forecast Growth
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.
Featured Stories
- Five stocks we like better than RLI
- Overbought Stocks Explained: Should You Trade Them?
- Nucor Stock Earnings Riding the Steel Industry Wave
- Canadian Penny Stocks: Can They Make You Rich?
- Simpson Manufacturing: Buy This Future Dividend King While Down
- Election Stocks: How Elections Affect the Stock Market
- Is Boeing Stock About to Soar Higher?
Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.