RLI Corp. selloff ‘materially overdone,’ says Keefe Bruyette

Keefe Bruyette is “pounding the table” on shares of RLI Corp. (RLI), saying the post-earning selloff is “materially overdone.” The Q4 results are unlikely to dramatically change RLI’s earnings outlook, the analyst tells investors in a research note. Keefe has an Outperform rating on the shares with a $100 price target The stock in late afternoon trading is down 8%, or $6.36, to $71.71.