RLI Corp (RLI) has disclosed a new risk, in the Environmental / Social category.
RLI Corp’s executive officers and directors have the option to establish Rule 10b5-1 trading plans, as a safeguard against insider trading allegations, by allowing prearranged trading of company securities. This measure adheres to the company’s Insider Trading Policy and is meant to mitigate legal risks by ensuring transactions occur without the use of undisclosed material information. However, no RLI Corp executive or director initiated or concluded any such trading arrangements in the first quarter of 2024, which suggests a stable period without significant insider trading activity that could affect market perception or regulatory scrutiny.
The average RLI stock price target is $163.33, implying 10.57% upside potential.
To learn more about RLI Corp’s risk factors, click here.
