Rli Corp (RLI) Files Form 4 Insider Selling : Michael J Stone Sells 5,300 Shares

Rli Corp (RLI): Michael J Stone , director of Rli Corp sold 5,300 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $64.80 per share for a total value of $343,450.59 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Michael J Stone (director) sold 26,607 shares at $64.72 per share price.On Oct 26, 2015, Todd Wayne Bryant (VP, Finance & Controller) sold 1,000 shares at $60.00 per share price.Also, On Aug 10, 2015, Michael E Angelina (director) purchased 2,700 shares at $55.46 per share price.On Feb 2, 2015, James J. Scanlan (director) purchased 5,500 shares at $46.94 per share price.

Shares of RLI Corp. (RLI) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.59 points or -0.89% at $65.53 with 80,369 shares getting traded. Post opening the session at $65.98, the shares hit an intraday low of $65.49 and an intraday high of $66.1598 and the price vacillated in this range throughout the day. The company has a market cap of $2,862 M and the number of outstanding shares has been calculated to be 4,36,71,676 shares. The 52-week high of RLI Corp. is $68.34 and the 52-week low is $48.28.

RLI Corp. Money Flow Index Chart

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.

Leave a Reply

RLI Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on RLI Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.