RLI Corp Receives a New Rating from Top Analyst

By Austin Angelo

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 closed last Friday at $54.24, close to its 52-week low of $52.51.

According to TipRanks.com, Dwelle is a top 100 analyst with an average return of 12.8% and a 82.1% 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 $54.50.

RLI Corp’s market cap is currently $2.38B and has a P/E ratio of 23.38. The company has a book value ratio of 2.8128.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RLI in relation to earlier this year.

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.