Rep. Byron Donalds Sells RLI Corp. (NYSE:RLI) Shares

Representative Byron Donalds (R-Florida) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RLI stock on January 21st. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

RLI Stock Performance

RLI stock opened at $75.57 on Wednesday. The company has a market cap of $6.93 billion, a P/E ratio of 20.18 and a beta of 0.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.34 and a quick ratio of 0.38. The stock’s fifty day moving average price is $79.63 and its 200-day moving average price is $79.22. RLI Corp. has a 1 year low of $67.53 and a 1 year high of $91.14.

RLI (NYSE:RLI) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%. On average, equities analysts forecast that RLI Corp. will post 3.09 earnings per share for the current year.

Institutional Trading of RLI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of RLI by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider’s stock valued at $759,577,000 after acquiring an additional 41,884 shares during the period. LPL Financial LLC raised its holdings in RLI by 15.9% in the 4th quarter. LPL Financial LLC now owns 37,926 shares of the insurance provider’s stock valued at $6,251,000 after acquiring an additional 5,213 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of RLI during the 4th quarter valued at about $1,385,000. Sei Investments Co. boosted its holdings in shares of RLI by 20.8% in the 4th quarter. Sei Investments Co. now owns 75,855 shares of the insurance provider’s stock valued at $12,502,000 after purchasing an additional 13,080 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in RLI in the fourth quarter valued at approximately $270,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Insider Activity at RLI

In other news, CEO Craig W. Kliethermes acquired 5,000 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $71.35 per share, for a total transaction of $356,750.00. Following the transaction, the chief executive officer now owns 139,190 shares in the company, valued at approximately $9,931,206.50. This trade represents a 3.73 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Stone sold 400 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $84.78, for a total transaction of $33,910.00. Following the completion of the sale, the director now owns 429,622 shares of the company’s stock, valued at approximately $36,421,205.05. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 11,200 shares of company stock worth $805,774. Corporate insiders own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

RLI has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. JMP Securities reissued a “market perform” rating on shares of RLI in a research report on Thursday, January 23rd. Jefferies Financial Group downgraded shares of RLI from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $95.00 to $61.00 in a research note on Monday, January 27th. Oppenheimer started coverage on shares of RLI in a research report on Wednesday, October 16th. They issued a “market perform” rating on the stock. Finally, StockNews.com downgraded shares of RLI from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.80.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

About RLI

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.