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Who are the Institutional Holders in RLI Corp (RLI)?

RLI Corp (NYSE: RLI) is 35.40% higher on its value in year-to-date trading and has touched a low of $125.77 and a high of $181.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RLI stock was last observed hovering at around $180.89 in the last trading session, with the day’s loss setting it -0.65%.

Currently trading at $180.24, the stock is 4.94% and 10.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.36% at the moment leaves the stock 20.46% off its SMA200. RLI registered 34.63% gain for a year compared to 6-month gain of 25.59%. The firm has a 50-day simple moving average (SMA 50) of $162.3452 and a 200-day simple moving average (SMA200) of $149.425.

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The stock witnessed a 15.56% loss in the last 1 month and extending the period to 3 months gives it a 17.33%, and is 2.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 1.49% over the month.

RLI Corp (RLI) has around 1099 employees, a market worth around $8.26B and $1.77B in sales. Current P/E ratio is 19.83 and Fwd P/E is 28.30. Profit margin for the company is 23.75%. Distance from 52-week low is 43.31% and -0.77% from its 52-week high. The company has generated returns on investments over the last 12 months (23.79%).

The EPS is expected to grow by 19.84% this year

525.0 institutions hold shares in RLI Corp (RLI), with institutional investors hold 85.02% of the company’s shares. The shares outstanding are 45.64M, and float is at 40.38M with Short Float at 1.18%. Institutions hold 81.29% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.54 million shares valued at $638.88 million. The investor’s holdings represent 9.9401 of the RLI Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 4.34 million shares valued at $609.9 million to account for 9.4893 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.62 million shares representing 7.9272 and valued at over $509.51 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 5.3383 of the shares totaling 2.44 million with a market value of $343.1 million.

RLI Corp (RLI) Insider Activity

The most recent transaction is an insider sale by Angelina Michael E, the company’s Director. SEC filings show that Angelina Michael E sold 1,908 shares of the company’s common stock on Feb 16 ’24 at a price of $143.00 per share for a total of $0.27 million. Following the sale, the insider now owns 9908.0 shares.

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