Shares of RLI (RLI) Sees Large Inflow of Net Money Flow

RLI (RLI) : Tuesdays money flow data in RLI (RLI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.06 million, whereas, $0.33 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.25, in favor of the bulls. The total money flow into the stock was $0.73 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. RLI (RLI) fell $0.09 and traded at $68.29, down -0.13% for the day, over previous days close. On a weekly basis, the shares are 0.41% over the previous weeks close.


The company Insiders own 6.3% of RLI shares according to the proxy statements. Institutional Investors own 80.37% of RLI shares. During last six month period, the net percent change held by insiders has seen a change of 0.8%. In an insider trading activity,The Director of RLI CORP, Stone Michael J sold 903 shares at $68.16 on July 1, 2016. The Insider selling transaction had a total value worth of $61,548. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of RLI Corp. rose by 0.48% in the last five trading days and 2.21% for the last 4 weeks. RLI Corp. is up 6.98% in the last 3-month period. Year-to-Date the stock performance stands at 11.77%.

RLI (NYSE:RLI): stock turned positive on Tuesday. Though the stock opened at $68.5, the bulls momentum made the stock top out at $69.22 level for the day. The stock recorded a low of $68.2 and closed the trading day at $68.6, in the green by 0.32%. The total traded volume for the day was 165,322. The stock had closed at $68.38 in the previous days trading.

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 Companys insurance operations are casualty, property and surety.

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