Zacks Research Estimates RLI's FY2024 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI - Free Report) - Equities research analysts at Zacks Research cut their FY2024 EPS estimates for shares of RLI in a report released on Thursday, November 7th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $5.93 per share for the year, down from their previous estimate of $6.09. The consensus estimate for RLI's current full-year earnings is $5.85 per share. Zacks Research also issued estimates for RLI's Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $1.62 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.59 EPS, FY2025 earnings at $6.20 EPS, Q1 2026 earnings at $1.37 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.33 EPS and FY2026 earnings at $6.31 EPS.

RLI has been the topic of several other reports. Compass Point raised their target price on shares of RLI from $170.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of RLI from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on RLI from $169.00 to $175.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Finally, Oppenheimer began coverage on RLI in a report on Wednesday, October 16th. They issued a "market perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $177.40.

RLI Stock Performance

RLI stock traded up $1.56 during midday trading on Monday, reaching $173.65. The company's stock had a trading volume of 135,392 shares, compared to its average volume of 153,875. The firm has a market capitalization of $7.96 billion, a PE ratio of 18.91 and a beta of 0.41. RLI has a fifty-two week low of $125.77 and a fifty-two week high of $174.74. The stock's 50 day simple moving average is $156.60 and its 200 day simple moving average is $148.76.

RLI shares are going to split on the morning of Thursday, January 16th. The 2-1 split was announced on Thursday, November 7th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, January 15th.

RLI (NYSE:RLI - Get Free Report) last announced its earnings results on Monday, October 21st. The insurance provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $470.00 million for the quarter, compared to the consensus estimate of $491.54 million. RLI had a return on equity of 19.03% and a net margin of 23.77%. The company's revenue was up 41.7% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Moran Wealth Management LLC raised its stake in RLI by 2.7% during the 3rd quarter. Moran Wealth Management LLC now owns 60,997 shares of the insurance provider's stock valued at $9,453,000 after purchasing an additional 1,594 shares during the period. Global Alpha Capital Management Ltd. increased its position in RLI by 10.7% during the third quarter. Global Alpha Capital Management Ltd. now owns 264,288 shares of the insurance provider's stock worth $40,959,000 after buying an additional 25,600 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of RLI by 5.3% in the 3rd quarter. Prospera Financial Services Inc now owns 85,199 shares of the insurance provider's stock valued at $13,205,000 after acquiring an additional 4,324 shares in the last quarter. Quest Partners LLC lifted its stake in shares of RLI by 39.8% in the third quarter. Quest Partners LLC now owns 8,868 shares of the insurance provider's stock worth $1,374,000 after buying an additional 2,526 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of RLI by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 813,719 shares of the insurance provider's stock valued at $126,110,000 after purchasing an additional 4,330 shares during the last quarter. Institutional investors own 77.89% of the company's stock.

RLI Increases Dividend

The firm also recently announced a None dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $4.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 0.7%. This is a boost from RLI's previous None dividend of $2.25. RLI's dividend payout ratio (DPR) is currently 12.75%.

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.