Rep. Byron Donalds Sells RLI Corp. (NYSE:RLI) Stock

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 16th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

RLI Trading Down 1.2 %

Shares of NYSE RLI opened at $74.61 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. RLI Corp. has a one year low of $67.53 and a one year high of $91.14. The business has a 50-day moving average price of $79.17 and a two-hundred day moving average price of $79.20. The firm has a market capitalization of $6.84 billion, a PE ratio of 19.92 and a beta of 0.46.

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

Institutional Investors Weigh In On RLI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in RLI during the 4th quarter valued at $80,476,000. Wellington Management Group LLP raised its position in shares of RLI by 580.4% during the fourth quarter. Wellington Management Group LLP now owns 415,247 shares of the insurance provider’s stock valued at $68,445,000 after buying an additional 354,219 shares during the last quarter. Nepsis Inc. lifted its stake in shares of RLI by 138.8% in the fourth quarter. Nepsis Inc. now owns 296,526 shares of the insurance provider’s stock valued at $48,876,000 after buying an additional 172,370 shares during the period. Geode Capital Management LLC grew its position in RLI by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider’s stock worth $168,907,000 after buying an additional 116,088 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in RLI during the fourth quarter worth about $17,854,000. Institutional investors and hedge funds own 77.89% of the company’s stock.

Insider Activity at RLI

In other news, Director Michael J. Stone sold 400 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $84.78, for a total transaction of $33,910.00. Following the sale, the director now directly owns 429,622 shares in the company, valued at approximately $36,421,205.05. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey D. Fick bought 2,000 shares of RLI stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost 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 of the company’s stock, valued at $10,246,859.93. This trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 11,200 shares of company stock worth $805,774 over the last three months. Company insiders own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RLI shares. Oppenheimer started coverage on RLI in a report on Wednesday, October 16th. They set a “market perform” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a research note on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. StockNews.com downgraded shares of RLI from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price target on RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.80.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.