RLI Corp. (RLI) Tops Q1 EPS by 5c
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Compass Point Raises Price Target on RLI Corp. (RLI) Following 1Q EPS Beat
April 22, 2016 3:58 PM EDTCompass Point reiterated a Neutral rating on RLI Corp. (NYSE: RLI), and raised the price target to $58.00 (from $55.00), following the company's 1Q earnings report. RLI reported an operating EPS of $0.54, ahead of the consensus estimate of $0.50. The 1Q16 combined ratio was 88% versus 89.6% the prior year. However, the accident year combined ratio was 94.1% up... More
