RBC Capital analyst Scott Heleniak maintained a Hold rating on RLI (RLI – Research Report) yesterday and set a price target of $148.00. The company’s shares closed yesterday at $139.26.
Heleniak covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Chubb, and American International Group. According to TipRanks, Heleniak has an average return of 14.8% and a 93.62% success rate on recommended stocks.
In addition to RBC Capital, RLI also received a Hold from JMP Securities’s Matthew Carletti in a report issued yesterday. However, on the same day, Compass Point maintained a Buy rating on RLI (NYSE: RLI).
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RLI market cap is currently $6.35B and has a P/E ratio of 21.07.
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RLI (RLI) Company Description:
RLI Corp. operates as a holding company, which engages in the provision of insurance and underwriting services. It operates through the following segments: Casualty, Property and Surety. The Casualty segment offers healthcare and transportation insurance. The Property segment consists of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop and select personal lines policies, including pet insurance and homeowners reinsurance services. The Surety segment engages in writing contract surety coverage, licenses and bonds for commercial, energy and industrial sectors. The company was founded by Gerald D. Stephens in 1965 and is headquartered in Peoria, IL.
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