RLI (NYSE:RLI) released its quarterly earnings results on Tuesday. The insurance provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.31, MarketWatch Earnings reports. The business had revenue of $298.08 million during the quarter, compared to analyst estimates of $251.61 million. RLI had a net margin of 25.27% and a return on equity of 11.48%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share.
Shares of RLI stock traded down $1.70 during midday trading on Thursday, hitting $105.05. The company had a trading volume of 3,886 shares, compared to its average volume of 128,234. The stock has a market capitalization of $4.75 billion, a PE ratio of 16.52 and a beta of 0.37. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $105.06. RLI has a 12-month low of $81.20 and a 12-month high of $117.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 18th. Investors of record on Friday, May 28th were given a $0.25 dividend. This is a positive change from RLI’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, May 27th. RLI’s dividend payout ratio (DPR) is presently 38.61%.
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.
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