RLI Corp. (NYSE:RLI - Free Report) - Equities research analysts at William Blair dropped their FY2024 earnings per share estimates for shares of RLI in a research note issued on Tuesday, October 22nd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $5.77 per share for the year, down from their previous forecast of $5.95. The consensus estimate for RLI's current full-year earnings is $6.07 per share. William Blair also issued estimates for RLI's Q4 2025 earnings at $1.62 EPS and FY2025 earnings at $6.42 EPS.
A number of other brokerages have also issued reports on RLI. Royal Bank of Canada boosted their price target on RLI from $162.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Wednesday. JMP Securities reiterated a "market perform" rating on shares of RLI in a research report on Tuesday, July 23rd. Jefferies Financial Group boosted their price target on RLI from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Oppenheimer started coverage on RLI in a research report on Wednesday, October 16th. They set a "market perform" rating for the company. Finally, Wolfe Research started coverage on RLI in a research report on Wednesday, October 9th. They set an "outperform" rating and a $182.00 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, RLI currently has an average rating of "Moderate Buy" and a consensus price target of $174.40.
Read Our Latest Research Report on RLI
RLI Stock Performance
NYSE:RLI traded down $0.49 during midday trading on Thursday, reaching $159.22. 182,655 shares of the company traded hands, compared to its average volume of 154,533. RLI has a twelve month low of $125.77 and a twelve month high of $164.25. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 17.49 and a beta of 0.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39. The company has a fifty day moving average price of $154.43 and a 200 day moving average price of $147.04.
RLI (NYSE:RLI - Get Free Report) last issued its earnings results on Monday, October 21st. The insurance provider reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. RLI had a return on equity of 19.03% and a net margin of 23.77%. The company had revenue of $470.00 million during the quarter, compared to analyst estimates of $491.54 million. During the same quarter last year, the firm earned $0.61 EPS. The business's revenue was up 41.7% on a year-over-year basis.
Institutional Trading of RLI
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of RLI by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 931,454 shares of the insurance provider's stock worth $131,045,000 after purchasing an additional 24,125 shares during the period. Maren Capital LLC raised its position in shares of RLI by 21.3% during the first quarter. Maren Capital LLC now owns 612,081 shares of the insurance provider's stock worth $90,876,000 after purchasing an additional 107,655 shares during the period. Van Berkom & Associates Inc. raised its position in shares of RLI by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 556,764 shares of the insurance provider's stock worth $78,331,000 after purchasing an additional 8,454 shares during the period. Bank of New York Mellon Corp raised its position in shares of RLI by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 428,331 shares of the insurance provider's stock worth $60,262,000 after purchasing an additional 1,979 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of RLI by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 265,365 shares of the insurance provider's stock worth $39,400,000 after purchasing an additional 33,435 shares during the period. Institutional investors own 77.89% of the company's stock.
RLI Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, August 30th. RLI's dividend payout ratio is presently 12.75%.
About RLI
(
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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.
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