Onex Canada Asset Management Inc. has sold 173,154 shares of Royal Bank of Canada (NYSE:RY) in the 4th quarter, reducing its holdings by 53.4%. The fund now owns 150,984 shares of the financial services provider's stock, making it the 18th largest holding in its investment portfolio. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada has a consensus rating of 'Moderate Buy' and an average target price of $133.25. The company's stock reached a 1-year low of $77.90 and a 1-year high of $109.51. Royal Bank of Canada has increased its quarterly dividend to $1.03 per share, up from $1.02 per share, representing an annualized dividend of $4.12 and a yield of 3.96%. The ex-dividend date is July 25th. [502eede9]
Creekmur Asset Management LLC has acquired 7,696 shares of RLI Corp. (NYSE:RLI) valued at approximately $1.02 million. Other large investors have also added to or reduced their stakes in RLI. RLI Corp. has a market cap of $6.38 billion, a P/E ratio of 19.29, and a beta of 0.41. The company reported $1.89 earnings per share for the last quarter, beating the consensus estimate of $1.63. RLI Corp. will pay a quarterly dividend of $0.29 per share, representing a boost from its previous dividend of $0.27. Several equities analysts have given RLI a buy rating with a consensus price target of $165.75. [59b86954]