RLI (NYSE:RLI) Upgraded by Keefe, Bruyette & Woods to Outperform

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RLI stock has undergone multiple analysts rating changes in the recent past.  RLI Upgraded by Keefe, Bruyette & Woods on 10/19/2021. In a note to investors, the firm issued a new rating of Outperform. The analysts previously had rating of Market Perform.

Shares of RLI traded up $3.34 on Monday, reaching $105.59. 69210 shares of the stock traded hands, compared to its average volume of 118947. Shares of RLI were trading at $105.59 on Monday. The firm’s 50 day moving average is $105.22 and its 200 day moving average is $106.80.RLI has a 12 month low of $105.41 and a 12 month high of $117.84. While on yearly highs and lows, RLI’s today has traded high as $111.91 and has touched $105.41 on the downward trend. See More Analyst Rating at: RATING

RLI Earnings and What to expect: 

RLI last posted its earnings results on July 20th, 2021. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.31. The business earned $298.08 million during the quarter, compared to the consensus estimate of $251.61 million. Its quarterly revenue was down .1% compared to the same quarter last year. RLI has generated $2.59 earnings per share over the last year ($6.16 diluted earnings per share) and currently has a price-to-earnings ratio of 17.2. Earnings for RLI are expected to grow by 0.59% in the coming year, from $3.38 to $3.40 per share. RLI has confirmed that its next quarterly earnings report will be published on Wednesday, October 20th, 2021. RLI will be holding an earnings conference call on Thursday, October 21st at 11:00 AM Eastern. Interested parties can .

Earnings for RLI are expected to grow by 0.59% in the coming year, from $3.38 to $3.40 per share. The P/E ratio of RLI is 17.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.15. The P/E ratio of RLI is 17.22, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.71. RLI has a P/B Ratio of 4.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

RLI (NYSE:RLI) Moving Average Technical Analysis

5 day Moving Average is $103.40 And 5 day price change is $4.96 (4.91%)  with average volume for 5 day average is 81,728. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $102.06 and 20 day price change is $5.25 (5.21%) and average 20 day moving volume is 103,667. 50 day moving average is $105.22  and 50 day price change is -$3.26 ( -2.98%)  and with average volume for 50 days is : 116,003. 200 day moving average is $106.80  and 200 day price change is $4.43 (4.36%)  and with average volume for 200 days is : 126,106.

Other owners latest trading in RLI :

  • On 10/18/2021 shares held by Resonant Capital Advisors LLC were 3,721 which equates to market value of $0.37M and appx 0.10% owners of RLI
  • On 10/18/2021 shares held by Nisa Investment Advisors LLC were 33,000 which equates to market value of $3.31M and appx 0.00% owners of RLI
  • On 10/14/2021 shares held by DAVENPORT & Co LLC were 15,940 which equates to market value of $1.60M and appx 0.00% owners of RLI
  • In total Institutional ownership equates to Institutional Ownership Percentage: 80.01% for RLI

See More Analyst Rating at: RATING