KBC Group NV Has $295,000 Stock Position in RLI Corp. (NYSE:RLI)

KBC Group NV raised its position in shares of RLI Corp. (NYSE:RLI) by 46.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,790 shares of the insurance provider’s stock after purchasing an additional 569 shares during the quarter. KBC Group NV’s holdings in RLI were worth $295,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in RLI by 44.7% in the fourth quarter. Blue Trust Inc. now owns 3,120 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 964 shares in the last quarter. Nepsis Inc. grew its holdings in RLI by 138.8% in the fourth quarter. Nepsis Inc. now owns 296,526 shares of the insurance provider’s stock worth $48,876,000 after purchasing an additional 172,370 shares during the period. Impact Partnership Wealth LLC acquired a new stake in RLI in the fourth quarter worth $211,000. Nisa Investment Advisors LLC increased its stake in RLI by 6.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 34,635 shares of the insurance provider’s stock valued at $5,709,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of RLI by 9.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,875 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 162 shares during the period. Institutional investors own 77.89% of the company’s stock.

RLI Trading Up 2.3 %

NYSE RLI opened at $77.22 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $7.08 billion, a P/E ratio of 20.62 and a beta of 0.47. The business has a fifty day simple moving average of $80.58 and a 200 day simple moving average of $79.05. RLI Corp. has a 12 month low of $67.53 and a 12 month high of $91.14.

RLI (NYSE:RLI) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%. On average, analysts predict that RLI Corp. will post 3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RLI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their target price on RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Compass Point lowered their target price on RLI from $185.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Royal Bank of Canada reduced their price target on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Wolfe Research started coverage on shares of RLI in a report on Wednesday, October 9th. They set an “outperform” rating and a $91.00 price objective on the stock. Finally, JMP Securities reiterated a “market perform” rating on shares of RLI in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $82.80.

Insider Buying and Selling at RLI

In other RLI news, insider Jeffrey D. Fick acquired 2,000 shares of the business’s stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $72.13 per share, with a total value of $144,260.00. Following the completion of the transaction, the insider now owns 142,061 shares in the company, valued at approximately $10,246,859.93. This trade represents a 1.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Craig W. Kliethermes acquired 5,000 shares of RLI stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $71.35 per share, with a total value of $356,750.00. Following the purchase, the chief executive officer now directly owns 139,190 shares in the company, valued at approximately $9,931,206.50. This trade represents a 3.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,200 shares of company stock worth $805,774. Insiders own 4.91% of the company’s stock.

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.