Rep. Jefferson Shreve Sells Off Shares of RLI Corp. (NYSE:RLI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of RLI Corp. (NYSE:RLI). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in RLI stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

RLI Trading Up 1.7 %

Shares of RLI stock opened at $77.81 on Tuesday. The stock has a 50-day moving average of $76.24 and a 200-day moving average of $79.47. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 20.78 and a beta of 0.49. RLI Corp. has a 1-year low of $67.53 and a 1-year high of $91.15.

RLI (NYSE:RLI) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share (EPS) 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 research analysts forecast that RLI Corp. will post 3.08 earnings per share for the current year.

RLI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from RLI’s previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 0.77%. RLI’s payout ratio is presently 16.00%.

Institutional Investors Weigh In On RLI

Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of RLI in the fourth quarter valued at about $31,000. Versant Capital Management Inc boosted its stake in shares of RLI by 53.8% in the 4th quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of RLI by 76.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of RLI by 88.5% during the first quarter. Farther Finance Advisors LLC now owns 477 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 224 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of RLI during the 4th quarter worth $56,000. Institutional investors own 77.89% of the company’s stock.

Insider Activity at RLI

In other RLI news, CEO Craig W. Kliethermes acquired 5,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of $71.35 per share, with a total value of $356,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 139,190 shares in the company, valued at $9,931,206.50. This trade represents a 3.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Restrepo, Jr. sold 2,864 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $74.89, for a total transaction of $214,484.96. Following the completion of the sale, the director now directly owns 23,312 shares in the company, valued at approximately $1,745,835.68. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 11,200 shares of company stock worth $805,774. 5.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group lowered RLI from a “buy” rating to an “underperform” rating and dropped their price target for the company from $95.00 to $61.00 in a research note on Monday, January 27th. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a research note on Thursday, January 23rd. StockNews.com raised shares of RLI from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods dropped their price target on RLI from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Compass Point reduced their price objective on RLI from $185.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.80.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

RLI Company Profile

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.