RBC Capital Reiterates Their Sell Rating on RLI Corp

By Ryan Adsit

In a report released today, Mark Dwelle from RBC Capital reiterated a Sell rating on RLI Corp (NYSE: RLI), with a price target of $50. The company’s shares opened today at $57.74.

According to TipRanks.com, Dwelle is a top 100 analyst with an average return of 14.6% and a 85.2% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Marsh & Mclennan Companies.

RLI Corp has an analyst consensus of Moderate Sell, with a price target consensus of $50.50.

RLI Corp’s market cap is currently $2.54B and has a P/E ratio of 25.55. The company has a book value ratio of 2.8975.

Based on the recent corporate insider activity of 67 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.