Zacks Research Issues Negative Forecast for RLI Earnings

RLI Corp. (NYSE:RLI - Free Report) - Equities researchers at Zacks Research cut their Q1 2025 earnings estimates for shares of RLI in a research report issued on Monday, March 24th. Zacks Research analyst T. De now expects that the insurance provider will earn $0.91 per share for the quarter, down from their prior estimate of $0.92. The consensus estimate for RLI's current full-year earnings is $3.08 per share. Zacks Research also issued estimates for RLI's FY2025 earnings at $3.08 EPS and FY2027 earnings at $3.14 EPS.

A number of other research firms also recently commented on RLI. Compass Point decreased their price objective on shares of RLI from $185.00 to $82.00 and set a "buy" rating for the company in a report on Monday, January 27th. JMP Securities reiterated a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. Jefferies Financial Group cut RLI from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $95.00 to $61.00 in a research report on Monday, January 27th. StockNews.com raised RLI from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered their price target on shares of RLI from $88.00 to $80.00 and set a "sector perform" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, RLI presently has a consensus rating of "Hold" and a consensus price target of $82.80.

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RLI Stock Up 0.9 %

NYSE RLI traded up $0.71 on Wednesday, hitting $79.99. 532,591 shares of the stock traded hands, compared to its average volume of 346,552. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $75.63 and a 200 day moving average of $79.41. RLI has a twelve month low of $67.53 and a twelve month high of $91.15. The company has a market capitalization of $7.34 billion, a P/E ratio of 21.36 and a beta of 0.39.

RLI (NYSE:RLI - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%.

Institutional Trading of RLI

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of RLI during the fourth quarter valued at approximately $80,476,000. Wellington Management Group LLP raised its stake in RLI by 580.4% during the 4th quarter. Wellington Management Group LLP now owns 415,247 shares of the insurance provider's stock valued at $68,445,000 after purchasing an additional 354,219 shares during the period. Nepsis Inc. lifted its holdings in shares of RLI by 138.8% in the fourth quarter. Nepsis Inc. now owns 296,526 shares of the insurance provider's stock valued at $48,876,000 after purchasing an additional 172,370 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RLI by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider's stock worth $168,907,000 after buying an additional 116,088 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of RLI during the fourth quarter valued at $17,854,000. 77.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RLI

In related news, Director Robert P. Restrepo, Jr. sold 2,864 shares of RLI stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total value of $214,484.96. Following the transaction, the director now directly owns 23,312 shares in the company, valued at $1,745,835.68. The trade was a 10.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey D. Fick purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of $72.13 per share, with a total value of $144,260.00. Following the transaction, the insider now directly owns 142,061 shares in the company, valued at $10,246,859.93. This trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 11,200 shares of company stock worth $805,774 over the last quarter. 5.09% of the stock is currently owned by company insiders.

RLI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date was Friday, February 28th. This is a boost from RLI's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. RLI's dividend payout ratio (DPR) is 16.00%.

RLI Company Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.