RLI Corp. (NYSE:RLI - Free Report) - Research analysts at William Blair dropped their Q4 2024 earnings estimates for shares of RLI in a research report issued on Tuesday, October 22nd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $0.86 per share for the quarter, down from their prior estimate of $1.55. The consensus estimate for RLI's current full-year earnings is $6.07 per share. William Blair also issued estimates for RLI's Q1 2025 earnings at $2.03 EPS, Q2 2025 earnings at $1.63 EPS and Q3 2025 earnings at $1.15 EPS.
Other research analysts also recently issued research reports about the stock. Compass Point boosted their target price on shares of RLI from $170.00 to $185.00 and gave the company a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods increased their price objective on shares of RLI from $169.00 to $175.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Wolfe Research started coverage on RLI in a research report on Wednesday, October 9th. They issued an "outperform" rating and a $182.00 target price for the company. JMP Securities reiterated a "market perform" rating on shares of RLI in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on RLI from $162.00 to $165.00 and gave the company a "sector perform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $177.40.
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RLI Trading Down 2.5 %
RLI traded down $3.92 during trading on Friday, hitting $155.30. The company's stock had a trading volume of 113,859 shares, compared to its average volume of 154,336. The firm has a market capitalization of $7.10 billion, a P/E ratio of 17.07 and a beta of 0.41. RLI has a twelve month low of $125.77 and a twelve month high of $164.25. The stock's fifty day moving average price is $154.75 and its 200-day moving average price is $147.21. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.06.
RLI (NYSE:RLI - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. RLI had a return on equity of 19.03% and a net margin of 23.77%. The firm had revenue of $470.00 million during the quarter, compared to the consensus estimate of $491.54 million. During the same period last year, the business posted $0.61 EPS. The business's revenue was up 41.7% compared to the same quarter last year.
Institutional Investors Weigh In On RLI
Several large investors have recently modified their holdings of RLI. Russell Investments Group Ltd. increased its holdings in RLI by 585.0% in the 1st quarter. Russell Investments Group Ltd. now owns 41,649 shares of the insurance provider's stock worth $6,184,000 after acquiring an additional 35,569 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of RLI by 52.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,645 shares of the insurance provider's stock valued at $1,729,000 after buying an additional 3,993 shares in the last quarter. Cetera Advisors LLC bought a new position in RLI in the 1st quarter worth approximately $515,000. GSA Capital Partners LLP bought a new stake in RLI during the 1st quarter valued at $1,252,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of RLI during the first quarter worth $2,654,000. Hedge funds and other institutional investors own 77.89% of the company's stock.
RLI Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 30th. RLI's dividend payout ratio (DPR) is currently 12.75%.
RLI Company Profile
(
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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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