Litman Gregory Asset Management adds RLI Corp. (RLI) to its portfolio

RLI Corp. (RLI) : Litman Gregory Asset Management added new position in RLI Corp. during the most recent quarter end. The investment management firm now holds 645 shares of RLI Corp. which is valued at $42,931 , the company said in a statement filed on May 11, 2016 with the SEC.RLI Corp. makes up approximately 0.04% of Litman Gregory Asset Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. added RLI to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $532,480.Isthmus Partners reduced its stake in RLI by selling 318 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 12,539 shares of RLI which is valued at $834,596. RLI Corp. makes up approx 0.28% of Isthmus Partners’s portfolio.Blackrock Fund Advisors reduced its stake in RLI by selling 67,622 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 2,381,241 shares of RLI which is valued at $158.5 Million. RLI Corp. makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.First Trust Advisors Lp reduced its stake in RLI by selling 6,761 shares or 20.76% in the most recent quarter. The Hedge Fund company now holds 25,813 shares of RLI which is valued at $1.7 Million. RLI Corp. makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Sfe Investment Counsel reduced its stake in RLI by selling 2,100 shares or 30.7% in the most recent quarter. The Hedge Fund company now holds 4,740 shares of RLI which is valued at $315,494. RLI Corp. makes up approx 0.15% of Sfe Investment Counsel’s portfolio.

RLI Corp. closed down -0.18 points or -0.27% at $66.38 with 1,50,611 shares getting traded on Monday. Post opening the session at $66.49, the shares hit an intraday low of $66.05 and an intraday high of $67.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, RLI Corp. reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.48. The company had revenue of $201.70 million for the quarter, compared to analysts expectations of $194.04 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Investors should note that on May 5, 2016, RLI Corp. announced a cash dividend of $0.2000. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 20, 2016.

RLI Corp. underwrites selected property and casualty insurance through major subsidiaries collectively known as RLI Insurance Group. The Company conducts operations through four insurance companies. These companies are organized in a vertical structure beneath RLI Corp. with RLI Insurance Company (RLI Ins.) as the principal insurance subsidiary. RLI Ins. writes multiple lines of insurance on an admitted basis. Mt. Hawley Insurance Company (Mt. Hawley) a subsidiary of RLI Ins. writes excess and surplus lines insurance on an admitted basis. RLI Indemnity Company (RIC) a subsidiary of Mt. Hawley has authority to write multiple lines of insurance on an admitted basis in 48 states and the District of Columbia. Contractors Bonding and Insurance Company a subsidiary of RLI Ins. has authority to write multiple lines of insurance on an admitted basis in all 50 states and the District of Columbia. The segments of the Company’s insurance operations are casualty property and surety.

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