KBW Reaffirms Their Hold Rating on RLI Corp

By Carrie Williams

In a report issued on December 4, Arash Soleimani from KBW reiterated a Hold rating on RLI Corp (NYSE: RLI), with a price target of $55. The company’s shares opened today at $58.35.

According to TipRanks.com, Soleimani is a 3-star analyst with an average return of 3.3% and a 60.0% success rate. Soleimani covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

RLI Corp has an analyst consensus of Hold, with a price target consensus of $55.

Based on RLI Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $196 million and quarterly net profit of $1.73 million. In comparison, last year the company earned revenue of $206 million and had a net profit of $22.26 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock.

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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.