Zacks Research Weighs in on RLI's Q1 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for shares of RLI in a research report issued on Monday, March 24th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $0.75 for the quarter, down from their prior estimate of $0.76. The consensus estimate for RLI's current full-year earnings is $3.08 per share.

Several other research firms have also recently issued reports on RLI. Compass Point dropped their price target on RLI from $185.00 to $82.00 and set a "buy" rating on the stock in a report on Monday, January 27th. JMP Securities restated a "market perform" rating on shares of RLI in a research report on Thursday, January 23rd. Jefferies Financial Group downgraded shares of RLI from a "buy" rating to an "underperform" rating and cut their target price for the company from $95.00 to $61.00 in a research note on Monday, January 27th. Keefe, Bruyette & Woods decreased their target price on RLI from $100.50 to $100.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Finally, Royal Bank of Canada dropped their price target on RLI from $88.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $82.80.

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RLI Price Performance

Shares of RLI traded down $0.07 during mid-day trading on Thursday, hitting $79.91. The company's stock had a trading volume of 59,276 shares, compared to its average volume of 345,428. RLI has a fifty-two week low of $67.53 and a fifty-two week high of $91.15. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.34 and a beta of 0.39. The firm has a 50-day moving average price of $75.63 and a 200 day moving average price of $79.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.34 and a quick ratio of 0.38.

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

RLI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. This is a boost from RLI's previous quarterly dividend of $0.15. RLI's dividend payout ratio is presently 16.00%.

Insider Buying and Selling at RLI

In other RLI news, CEO Craig W. Kliethermes bought 5,000 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $71.35 per share, with a total value of $356,750.00. Following the acquisition, the chief executive officer now directly owns 139,190 shares of the company's stock, valued at $9,931,206.50. This represents a 3.73 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey D. Fick purchased 2,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $72.13 per share, with a total value of $144,260.00. Following the completion of the acquisition, the insider now owns 142,061 shares of the company's stock, valued at approximately $10,246,859.93. The trade was a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,200 shares of company stock worth $805,774 over the last 90 days. Insiders own 5.09% of the company's stock.

Hedge Funds Weigh In On RLI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in RLI in the 4th quarter valued at approximately $31,000. Versant Capital Management Inc raised its stake in shares of RLI by 53.8% in the fourth quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in RLI by 76.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider's stock worth $36,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. bought a new position in RLI in the fourth quarter worth $56,000. Finally, EverSource Wealth Advisors LLC boosted its stake in RLI by 47.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 497 shares of the insurance provider's stock worth $82,000 after buying an additional 159 shares in the last quarter. Institutional investors own 77.89% of the company's stock.

About RLI

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.