RLI Corp Gets a Hold from FBR Capital

By Ryan Adsit

FBR Capital analyst Randy Binner reiterated a Hold rating on RLI Corp (NYSE: RLI) yesterday. The company’s shares opened today at $56.18.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 13.6% and a 75.4% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and State National Companies Inc.

RLI Corp has an analyst consensus of Hold, with a price target consensus of $59.

RLI Corp’s market cap is currently $2.51B and has a P/E ratio of 22.71. The company has a book value ratio of 3.1258.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Michael J. Stone, a Director at RLI sold 941 shares for a total of $55,415.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

RLI Corp. is a holding company, which engages in the provision of insurance and underwriting services. It operates through the following segments: Casualty, Property, and Surety. The Casualty segment offers healthcare and transportation insurance. The Property Segment consists of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop, and select personal lines policies, including pet insurance and homeowners reinsurance services. The Surety segment specializes in writing contract surety coverage, licenses, and bonds for commercial, energy, and industrial sectors. The company was founded by Gerald D. Stephens in 1965 and is headquartered in Peoria, IL.