Equities Analysts Offer Predictions for RLI Q4 Earnings

RLI Corp. (NYSE:RLI) – Research analysts at William Blair dropped their Q4 2024 earnings per share (EPS) estimates for RLI in a research report issued on Tuesday, October 22nd. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $0.86 per share for the quarter, down from their previous forecast 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 issued its quarterly earnings data on Monday, October 21st. The insurance provider reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. RLI had a net margin of 23.77% and a return on equity of 19.03%. The company had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $491.54 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. RLI’s revenue for the quarter was up 41.7% on a year-over-year basis.

Several other equities research analysts have also issued reports on RLI. Compass Point lifted their price objective on RLI from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Wolfe Research started coverage on RLI in a research report on Wednesday, October 9th. They set an “outperform” rating and a $182.00 price target for the company. Royal Bank of Canada upped their price objective on shares of RLI from $162.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of RLI from $169.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.40.

RLI Stock Down 2.5 %

RLI opened at $155.30 on Friday. The firm has a market capitalization of $7.10 billion, a P/E ratio of 17.07 and a beta of 0.41. RLI has a one year low of $125.77 and a one year high of $164.25. The company has a fifty day moving average price of $154.75 and a 200-day moving average price of $147.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39.

RLI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. RLI’s payout ratio is 12.75%.

Institutional Trading of RLI

Several hedge funds and other institutional investors have recently bought and sold shares of RLI. UMB Bank n.a. boosted its position 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 period. V Square Quantitative Management LLC purchased a new stake in RLI during the 3rd quarter valued at about $32,000. American National Bank purchased a new stake in RLI during the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC grew its position in RLI by 45.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 246 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in 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 period. Hedge funds and other institutional investors own 77.89% of the company’s stock.

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.