Creative Planning increased its position in RLI Corp. (NYSE:RLI – Free Report) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,186 shares of the insurance provider’s stock after purchasing an additional 1,271 shares during the quarter. Creative Planning’s holdings in RLI were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. bought a new position in RLI during the 2nd quarter valued at $969,000. Caprock Group LLC bought a new position in RLI during the 1st quarter valued at $387,000. Asset Management One Co. Ltd. boosted its stake in RLI by 3.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 14,575 shares of the insurance provider’s stock valued at $1,937,000 after acquiring an additional 531 shares during the last quarter. Guardian Wealth Management Inc. bought a new position in RLI during the 1st quarter valued at $79,000. Finally, Diversified Trust Co bought a new position in RLI during the 2nd quarter valued at $697,000. 79.23% of the stock is currently owned by hedge funds and other institutional investors.
RLI Stock Performance
RLI stock opened at $136.73 on Wednesday. The firm’s 50-day moving average is $134.62 and its 200-day moving average is $133.94. RLI Corp. has a 1 year low of $104.13 and a 1 year high of $149.65. The company has a market cap of $6.23 billion, a P/E ratio of 8.78 and a beta of 0.41.
RLI Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Thursday, August 31st were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.79%. RLI’s dividend payout ratio (DPR) is presently 6.93%.
Analyst Ratings Changes
RLI has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of RLI in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Compass Point raised their price target on shares of RLI from $165.00 to $170.00 in a research report on Thursday, July 27th. Finally, Jefferies Financial Group initiated coverage on shares of RLI in a research report on Thursday, September 7th. They issued a “buy” rating and a $155.00 price target on the stock.
Get Our Latest Analysis on RLI
RLI Profile
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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