RLI Reports 2015 Fourth Quarter and Year-End Results
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Compass Point Remains Neutral on RLI Corp. (RLI) as Low Reserve Releases Drag on 4Q Earnings - PT to $55
January 27, 2016 6:55 AM ESTCompass Point reiterated a Neutral rating on RLI Corp. (NYSE: RLI), and raised the price target to $55.00 (from $52.00), following the company's 4Q earnings report. RLI reported operating EPS of $0.56 versus the consensus estimate of $0.65. RLI missed the consensus estimate primarily on lower reserve releases than expected. Compass Point continues to believe RLI is best in its class and will continue to generate phenomenal underwriting... More
