Zacks Research Brokers Reduce Earnings Estimates for RLI

RLI Corp. (NYSE:RLI - Free Report) - Stock analysts at Zacks Research cut their Q1 2025 earnings estimates for RLI in a research note issued to investors on Tuesday, April 22nd. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $0.89 per share for the quarter, down from their prior estimate of $0.91. 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 $3.05 EPS, Q1 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.73 EPS and Q1 2027 earnings at $0.76 EPS.

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

A number of other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on RLI from $95.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group downgraded shares of RLI from a "buy" rating to an "underperform" rating and dropped their target price for the company from $95.00 to $61.00 in a report on Monday, January 27th. Compass Point reduced their price target on shares of RLI from $185.00 to $82.00 and set a "buy" rating on the stock in a report on Monday, January 27th. StockNews.com raised shares of RLI from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of RLI in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.80.

RLI Stock Performance

Shares of RLI stock opened at $78.26 on Wednesday. The stock has a fifty day moving average price of $76.39 and a 200 day moving average price of $79.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.34. The stock has a market cap of $7.18 billion, a PE ratio of 20.90 and a beta of 0.49. RLI has a 1 year low of $68.50 and a 1 year high of $91.15.

RLI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. This is a positive change from RLI's previous quarterly dividend of $0.15. RLI's dividend payout ratio (DPR) is 16.00%.

Insiders Place Their Bets

In related news, Director Robert P. Restrepo, Jr. sold 2,864 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $74.89, for a total transaction of $214,484.96. Following the completion of the transaction, the director now owns 23,312 shares of the company's stock, valued at approximately $1,745,835.68. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig W. Kliethermes purchased 5,000 shares of the firm's stock in a transaction on Friday, January 24th. The stock was bought at an average price of $71.35 per share, for a total transaction of $356,750.00. Following the acquisition, the chief executive officer now owns 139,190 shares in the company, valued at $9,931,206.50. The trade was a 3.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 11,200 shares of company stock valued at $805,774. Company insiders own 2.16% of the company's stock.

Hedge Funds Weigh In On RLI

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in RLI by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,752 shares of the insurance provider's stock valued at $77,759,000 after buying an additional 9,131 shares in the last quarter. New York Life Investment Management LLC acquired a new position in shares of RLI during the 4th quarter valued at $728,000. Raymond James Financial Inc. purchased a new stake in RLI during the 4th quarter worth $17,854,000. Empowered Funds LLC acquired a new stake in RLI in the 4th quarter valued at $840,000. Finally, Callan Family Office LLC purchased a new position in RLI in the fourth quarter valued at about $1,199,000. 77.89% of the stock is owned by institutional investors and hedge funds.

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.

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