Rep. Byron Donalds Sells Off 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 16th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

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

• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• 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.
• 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 Price Performance

NYSE RLI traded down $0.75 on Wednesday, hitting $74.78. The company had a trading volume of 158,641 shares, compared to its average volume of 576,970. 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 company’s fifty day moving average price is $79.41 and its 200-day moving average price is $79.23. The company has a market capitalization of $6.85 billion, a PE ratio of 19.99 and a beta of 0.46. RLI Corp. has a 12-month low of $67.53 and a 12-month high of $91.14.

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

Institutional Trading of RLI

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in RLI by 580.4% in the fourth quarter. Wellington Management Group LLP now owns 415,247 shares of the insurance provider’s stock valued at $68,445,000 after purchasing an additional 354,219 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of RLI by 9.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,675 shares of the insurance provider’s stock worth $771,000 after purchasing an additional 392 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in RLI by 92.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,066 shares of the insurance provider’s stock worth $1,000,000 after purchasing an additional 2,911 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of RLI during the fourth quarter worth $353,000. Finally, Norges Bank purchased a new stake in shares of RLI in the 4th quarter valued at $80,476,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey D. Fick acquired 2,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of $72.13 per share, for a total transaction of $144,260.00. Following the purchase, the insider now owns 142,061 shares of the company’s stock, valued at $10,246,859.93. This represents a 1.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Stone sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 directly owns 429,622 shares in the company, valued at approximately $36,421,205.05. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 11,200 shares of company stock valued at $805,774. Corporate insiders own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on RLI shares. Jefferies Financial Group cut RLI from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $95.00 to $61.00 in a research report on Monday, January 27th. StockNews.com downgraded shares of RLI from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on shares of RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JMP Securities reiterated a “market perform” rating on shares of RLI in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their target price on RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, January 24th. 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. Based on data from MarketBeat.com, RLI has a consensus rating of “Hold” and a consensus 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.