RBC Capital analyst Mark Dwelle maintained a Hold rating on RLI (NYSE:RLI) Corp on Wednesday, setting a price target of $95, which is approximately 12.80% above the present share price of $84.22.
Dwelle expects RLI Corp to post earnings per share (EPS) of $2.05 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in RLI, with an average price target of $98.33.
The analysts price targets range from a high of $110 to a low of $90.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $298.25 million and a net profit of $0. The company's market cap is $3.8 billion.
According to TipRanks.com, RBC Capital analyst Mark Dwelle is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.8% and a 58.09% success rate.
RLI Corp. operates as 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. The Property segment consists of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop and select personal lines policies, including pet insurance and homeowners reinsurance services. The Surety segment engages in writing contract surety coverage, licenses and bonds for commercial, energy and industrial sectors. The company was founded by Gerald D. Stephens in 1965 and is headquartered in Peoria, IL.