RLI (NYSE:RLI – Get Free Report) announced its quarterly earnings results on Monday. The insurance provider reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33, Briefing.com reports. RLI had a net margin of 20.78% and a return on equity of 18.33%. The company had revenue of $470.00 million for the quarter, compared to analyst estimates of $491.54 million. During the same quarter last year, the business earned $0.61 earnings per share. RLI’s revenue was up 41.7% compared to the same quarter last year.
RLI Price Performance
Shares of RLI opened at $162.09 on Tuesday. RLI has a one year low of $125.77 and a one year high of $164.25. The company has a 50-day moving average of $153.93 and a two-hundred day moving average of $146.85. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 22.11 and a beta of 0.41.
RLI Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, August 30th. RLI’s payout ratio is 15.83%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on RLI
About RLI
RLI Corp., an insurance holding company, underwrites property and casualty insurance. 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.
Featured Articles
- Five stocks we like better than RLI
- Using the MarketBeat Dividend Tax Calculator
- Is CoStar Group Stock a Buy Before Earnings? Analysts Think So
- What is the Nikkei 225 index?
- 3 Stocks Driving the Shift to Nuclear Energy for AI Power
- The Basics of Support and Resistance
- Utilities Outperform in 2024: 3 Stocks to Keep on Your Radar
Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.