RLI Corp. (RLI) Forms $63.16 Double Top; Harvest Capital Strategies Has Trimmed Gap Del (GPS) Holding

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RLI Corp. (RLI) formed double top with $68.84 target or 9.00% above today’s $63.16 share price. RLI Corp. (RLI) has $2.79 billion valuation. The stock increased 0.45% or $0.28 during the last trading session, reaching $63.16. About 105,763 shares traded. RLI Corp. (NYSE:RLI) has risen 8.68% since April 13, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Harvest Capital Strategies Llc decreased Gap Inc Del (GPS) stake by 47.06% reported in 2017Q4 SEC filing. Harvest Capital Strategies Llc sold 400,000 shares as Gap Inc Del (GPS)’s stock declined 11.38%. The Harvest Capital Strategies Llc holds 450,000 shares with $15.33M value, down from 850,000 last quarter. Gap Inc Del now has $11.93 billion valuation. The stock increased 0.29% or $0.09 during the last trading session, reaching $30.64. About 3.23M shares traded. The Gap, Inc. (NYSE:GPS) has risen 31.10% since April 13, 2017 and is uptrending. It has outperformed by 19.55% the S&P500.

Investors sentiment increased to 1.57 in 2017 Q4. Its up 0.21, from 1.36 in 2017Q3. It is positive, as 7 investors sold RLI Corp. shares while 49 reduced holdings. 27 funds opened positions while 61 raised stakes. 37.42 million shares or 3.33% more from 36.22 million shares in 2017Q3 were reported. Barclays Plc stated it has 6,115 shares. Snyder Capital Mgmt Lp reported 423,077 shares. Whittier reported 33,711 shares. Amalgamated Bank & Trust invested in 0.01% or 5,627 shares. Voya Investment Mgmt Lc holds 17,511 shares. Bnp Paribas Arbitrage invested 0% of its portfolio in RLI Corp. (NYSE:RLI). Sei Investments Communications stated it has 0.01% of its portfolio in RLI Corp. (NYSE:RLI). Renaissance Tech Limited Liability Company has 50,100 shares for 0% of their portfolio. Strs Ohio has 700 shares for 0% of their portfolio. First Republic Investment stated it has 0% of its portfolio in RLI Corp. (NYSE:RLI). Louisiana State Employees Retirement Systems holds 0.05% or 16,700 shares in its portfolio. Virtus Investment Advisers has 387,670 shares for 0% of their portfolio. Legal & General Group Incorporated Public Limited invested 0% of its portfolio in RLI Corp. (NYSE:RLI). The Missouri-based Stifel Fincl Corp has invested 0% in RLI Corp. (NYSE:RLI). Wells Fargo And Mn owns 387,917 shares for 0.01% of their portfolio.

Analysts await RLI Corp. (NYSE:RLI) to report earnings on April, 18. They expect $0.50 EPS, up 13.64% or $0.06 from last year’s $0.44 per share. RLI’s profit will be $22.12 million for 31.58 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by RLI Corp. for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Since January 4, 2018, it had 1 buy, and 4 insider sales for $471,677 activity. $62,318 worth of RLI Corp. (NYSE:RLI) shares were sold by STONE MICHAEL J. Diefenthaler Aaron Paul had sold 900 shares worth $58,291 on Monday, January 29. Shares for $43,490 were bought by RESTREPO ROBERT P JR.

Among 6 analysts covering RLI Corporation (NYSE:RLI), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. RLI Corporation has $58.0 highest and $40 lowest target. $49.33’s average target is -21.90% below currents $63.16 stock price. RLI Corporation had 24 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Underperform” rating by RBC Capital Markets on Friday, December 9. RBC Capital Markets maintained RLI Corp. (NYSE:RLI) rating on Monday, June 26. RBC Capital Markets has “Sell” rating and $5000 target. Keefe Bruyette & Woods maintained RLI Corp. (NYSE:RLI) rating on Monday, September 18. Keefe Bruyette & Woods has “Hold” rating and $51.0 target. FBR Capital maintained the stock with “Outperform” rating in Monday, August 3 report. The rating was maintained by Compass Point on Wednesday, January 27 with “Neutral”. The stock of RLI Corp. (NYSE:RLI) earned “Sell” rating by RBC Capital Markets on Monday, October 9. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, December 4. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 21. The stock has “Hold” rating by FBR Capital on Friday, April 21. The firm earned “Mkt Perform” rating on Thursday, September 3 by FBR Capital.

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.02, from 0.96 in 2017Q3. It is positive, as 37 investors sold GPS shares while 153 reduced holdings. 73 funds opened positions while 113 raised stakes. 208.71 million shares or 2.18% more from 204.26 million shares in 2017Q3 were reported. 605,310 were reported by Canada Pension Plan Inv Board. State Board Of Administration Of Florida Retirement Sys reported 324,982 shares. Cibc Asset Mgmt has 33,917 shares for 0.01% of their portfolio. Axa has 676,544 shares. Envestnet Asset Inc has invested 0.01% of its portfolio in The Gap, Inc. (NYSE:GPS). Jefferies Grp Ltd Liability Company invested in 0.01% or 86,900 shares. 2.21M are held by Natl Bank Of Montreal Can. Chevy Chase Holdg holds 189,919 shares. Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.01% in The Gap, Inc. (NYSE:GPS). Financial Bank Of New York Mellon reported 0.09% stake. Mutual Of America Cap Mngmt Limited Liability Com invested in 25,364 shares. Tradewinds Cap Mngmt Lc owns 46 shares. Manufacturers Life Ins The holds 267,565 shares. Fukoku Mutual Life Insur Communications invested in 0.01% or 2,600 shares. Credit Suisse Ag owns 510,226 shares or 0.02% of their US portfolio.

Harvest Capital Strategies Llc increased Five9 Inc (NASDAQ:FIVN) stake by 35,000 shares to 250,000 valued at $6.22 million in 2017Q4. It also upped Green Plains Partners Lp stake by 293,222 shares and now owns 1.42 million shares. Zoetis Inc (NYSE:ZTS) was raised too.

Since February 1, 2018, it had 1 buying transaction, and 11 sales for $57.85 million activity. FISHER ROBERT J sold $15.64M worth of stock. 101,820 The Gap, Inc. (NYSE:GPS) shares with value of $3.43 million were sold by Kirwan Jeff. $138,244 worth of stock was sold by Bazzano Dara on Monday, March 5. 5,000 shares were bought by GOLDNER BRIAN, worth $168,742 on Monday, March 5. Syngal Sonia had sold 28,846 shares worth $954,780. 500,000 shares were sold by FISHER WILLIAM SYDNEY, worth $16.05M on Wednesday, March 21. Shares for $17.22 million were sold by FISHER JOHN J on Tuesday, March 6.

RLI Corp. (NYSE:RLI) Institutional Positions Chart