RLI stock is trading -15.3% below its average target price of $152.0 after dropping -4.4% during today's evening session. Analysts are giving the mid-cap Property & Casualty Insurance company an average rating of hold and target prices ranging from $136.0 to $165.0 per share.
The stock has an average amount of shares sold short at 5.0%, and a short ratio of 6.03. Since 4.29% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 82.2% of RLI's shares being owned by this investor type.
Institutions Invested in RLI
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 10% | 4,781,024 | $615,509,056 |
| 2022-12-31 | Blackrock Inc. | 10% | 4,771,773 | $614,318,082 |
| 2022-12-31 | State Street Corporation | 10% | 4,639,518 | $597,291,572 |
| 2022-12-31 | Kayne Anderson Rudnick Investment Management LLC | 6% | 2,846,733 | $366,488,422 |
| 2022-12-31 | Neuberger Berman Group, LLC | 3% | 1,431,936 | $184,347,448 |
| 2022-12-31 | Morgan Stanley | 3% | 1,364,598 | $175,678,354 |
| 2022-12-31 | Markel Corporation | 3% | 1,197,272 | $154,136,803 |
| 2022-12-31 | JP Morgan Chase & Company | 2% | 1,105,016 | $142,259,765 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 924,471 | $119,016,401 |
| 2022-12-31 | Dimensional Fund Advisors LP | 2% | 915,169 | $117,818,862 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on RLI.
