Brokers Issue Forecasts for RLI’s Q1 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Zacks Research lowered their Q1 2025 earnings per share estimates for RLI in a research note issued on Monday, March 24th. Zacks Research analyst T. De now expects that the insurance provider will earn $0.91 per share for the quarter, down from their previous estimate of $0.92. 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 $3.08 EPS and FY2027 earnings at $3.14 EPS.

A number of other equities analysts have also recently weighed in on RLI. Royal Bank of Canada lowered their price objective on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group cut RLI from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $95.00 to $61.00 in a research note on Monday, January 27th. StockNews.com raised RLI from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Keefe, Bruyette & Woods dropped 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, 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 research report on Monday, January 27th. One equities research 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. According to MarketBeat.com, RLI currently has a consensus rating of “Hold” and a consensus target price of $82.80.

RLI Price Performance

Shares of RLI opened at $79.27 on Wednesday. The firm has a 50-day simple moving average of $75.59 and a two-hundred day simple moving average of $79.36. The stock has a market cap of $7.27 billion, a PE ratio of 21.17 and a beta of 0.39. RLI has a 1-year low of $67.53 and a 1-year high of $91.15. 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) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.64). RLI had a return on equity of 16.63% and a net margin of 19.53%.

Institutional Trading of RLI

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in RLI by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,608,243 shares of the insurance provider’s stock worth $759,577,000 after acquiring an additional 41,884 shares in the last quarter. State Street Corp increased its position in shares of RLI by 1.3% during the third quarter. State Street Corp now owns 4,393,250 shares of the insurance provider’s stock worth $680,866,000 after purchasing an additional 58,167 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of RLI by 1.5% in the 4th quarter. Neuberger Berman Group LLC now owns 1,331,526 shares of the insurance provider’s stock valued at $219,475,000 after purchasing an additional 19,695 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of RLI by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 1,024,518 shares of the insurance provider’s stock valued at $168,907,000 after purchasing an additional 116,088 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in RLI by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 941,185 shares of the insurance provider’s stock worth $155,136,000 after buying an additional 7,609 shares during the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Insider Buying and Selling at RLI

In related news, Director Robert P. Restrepo, Jr. sold 2,864 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $74.89, for a total transaction of $214,484.96. Following the completion of the sale, the director now owns 23,312 shares in the company, valued at $1,745,835.68. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jordan W. Graham sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $74.77, for a total transaction of $112,155.00. Following the completion of the transaction, the director now owns 12,854 shares in the company, valued at $961,093.58. This represents a 10.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 11,200 shares of company stock valued at $805,774. Insiders own 5.09% of the company’s stock.

RLI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. This is an increase from RLI’s previous quarterly dividend of $0.15. RLI’s payout ratio is currently 16.00%.

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.