RLI (NYSE:RLI – Get Free Report) released its earnings results on Monday. The insurance provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.26, Briefing.com reports. The firm had revenue of $444.80 million for the quarter, compared to the consensus estimate of $460.05 million. RLI had a return on equity of 17.24% and a net margin of 20.96%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.
RLI Trading Up 1.3 %
Shares of RLI opened at $147.64 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.38. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 20.39 and a beta of 0.37. The company has a 50-day moving average of $144.65 and a 200 day moving average of $138.92. RLI has a 1-year low of $123.04 and a 1-year high of $149.20.
RLI Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 0.73%. RLI’s payout ratio is 14.92%.
Wall Street Analysts Forecast Growth
RLI Company Profile
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.
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