In a report released today, Randy Binner from B.Riley FBR maintained a Hold rating on RLI Corp (NYSE: RLI), with a price target of $72. The company’s shares closed yesterday at $75.32.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 16.1% and a 70.6% success rate. Binner covers the Financial sector, focusing on stocks such as Health Insurance Innovations, Brighthouse Financial Inc, and Prudential Financial Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for RLI Corp with a $65.33 average price target.
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RLI Corp’s market cap is currently $3.34B and has a P/E ratio of 32.19. The company has a Price to Book ratio of 3.93.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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RLI Corp. is a holding company, which engages in the provision of insurance and underwriting services. It operates through the following segments: Casualty, Property, and Surety. The Casualty segment offers healthcare and transportation insurance.
