Analysts Offer Predictions for RLI’s Q4 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Analysts at William Blair cut their Q4 2024 EPS estimates for RLI in a note issued to investors on Tuesday, October 22nd. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $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.

RLI (NYSE:RLI) last announced its earnings results on Monday, October 21st. The insurance provider reported $1.31 EPS for the quarter, beating 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 company had revenue of $470.00 million during the quarter, compared to the consensus estimate of $491.54 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis.

A number of other brokerages have also weighed in on RLI. Compass Point lifted their target price on shares of RLI from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on RLI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer began coverage on RLI in a report on Wednesday, October 16th. They set a “market perform” rating on the stock. JMP Securities restated a “market perform” rating on shares of RLI in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.40.

RLI Stock Down 2.5 %

Shares of RLI stock opened at $155.30 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. RLI has a 12-month low of $125.77 and a 12-month high of $164.25. The company has a market cap of $7.10 billion, a P/E ratio of 17.07 and a beta of 0.41. The company’s fifty day simple moving average is $154.75 and its two-hundred day simple moving average is $147.21.

Institutional Trading of RLI

A number of hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in RLI by 620.0% during the third quarter. UMB Bank n.a. now owns 180 shares of the insurance provider’s stock valued at $28,000 after buying an additional 155 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of RLI in the third quarter worth $32,000. American National Bank bought a new position in shares of RLI during the second quarter valued at $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of RLI by 45.6% during the second quarter. EverSource Wealth Advisors LLC now owns 246 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of RLI by 468.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 307 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 253 shares during the last quarter. 77.89% of the stock is owned by institutional investors.

RLI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 0.75%. RLI’s payout ratio is 12.75%.

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.