Citizens JMP Reiterates Market Perform Rating on RLI Corp. (RLI)

Citizens JMP analyst Matthew Carletti reiterated a Market Perform rating on RLI Corp. (NYSE: RLI).

The analyst commented, "When we mark book values for movements in the fixed income and equity markets (i.e., no FX or earnings impact) QTD, we project the most favorable mark-to-market impacts will be seen at RLI (RLI, MP) at +1.9% and Chubb (CB, MO, $325 PT) at +1.8% of book value."

For an analyst ratings summary and ratings history on RLI Corp. click here. For more ratings news on RLI Corp. click here.

Shares of RLI Corp. closed at $68.47 yesterday.

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