RLI Corp. (NYSE:RLI – Free Report) – Research analysts at Zacks Research upped their FY2025 earnings per share (EPS) estimates for RLI in a report issued on Monday, January 6th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $6.21 per share for the year, up from their prior forecast of $6.20. The consensus estimate for RLI’s current full-year earnings is $5.85 per share. Zacks Research also issued estimates for RLI’s Q4 2025 earnings at $1.60 EPS.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of RLI from $162.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group upped their price target on shares of RLI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Oppenheimer started coverage on RLI in a research report on Wednesday, October 16th. They issued a “market perform” rating on the stock. Wolfe Research initiated coverage on RLI in a research report on Wednesday, October 9th. They set an “outperform” rating and a $182.00 price objective for the company. Finally, Compass Point raised their target price on RLI from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.40.
RLI Stock Down 2.2 %
Shares of RLI opened at $152.91 on Thursday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 16.80 and a beta of 0.47. The company’s fifty day moving average is $169.06 and its 200-day moving average is $156.58. RLI has a 12 month low of $132.30 and a 12 month high of $182.29.
Shares of RLI are set to split before the market opens on Thursday, January 16th. The 2-1 split was announced on Thursday, November 7th. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, January 15th.
RLI (NYSE:RLI – Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The insurance provider reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The business had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $491.54 million. RLI had a return on equity of 19.03% and a net margin of 23.77%. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS.
Institutional Investors Weigh In On RLI
A number of institutional investors have recently added to or reduced their stakes in RLI. GAMMA Investing LLC raised its stake in shares of RLI by 31.8% in the fourth quarter. GAMMA Investing LLC now owns 1,035 shares of the insurance provider’s stock valued at $171,000 after acquiring an additional 250 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of RLI by 53.8% during the fourth quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of RLI by 3.9% during the third quarter. Retirement Systems of Alabama now owns 115,569 shares of the insurance provider’s stock worth $17,911,000 after purchasing an additional 4,322 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of RLI in the third quarter valued at $1,193,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of RLI by 12.9% in the third quarter. Sanctuary Advisors LLC now owns 6,034 shares of the insurance provider’s stock valued at $935,000 after buying an additional 691 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Michael J. Stone sold 200 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $169.55, for a total value of $33,910.00. Following the sale, the director now owns 214,811 shares of the company’s stock, valued at $36,421,205.05. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.91% of the stock is currently owned by company insiders.
RLI Increases Dividend
The company also recently disclosed a None dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $4.29 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.7%. This is an increase from RLI’s previous None dividend of $2.25. RLI’s dividend payout ratio (DPR) is currently 12.75%.
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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