Equities Analysts Offer Predictions for RLI Q1 Earnings

RLI Corp. (NYSE:RLI) – Research analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for shares of RLI in a research report issued to clients and investors on Monday, March 24th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $0.91 for the quarter, down from their prior 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.

RLI (NYSE:RLI) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 earnings per share 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 equities research analysts have also weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada reduced their target price on RLI from $88.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Jefferies Financial Group cut shares of RLI from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $95.00 to $61.00 in a research note on Monday, January 27th. Finally, StockNews.com upgraded shares of RLI from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One 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. According to MarketBeat.com, RLI currently has a consensus rating of “Hold” and a consensus target price of $82.80.

RLI Stock Up 0.9 %

RLI stock opened at $78.15 on Wednesday. RLI has a one year low of $67.53 and a one year high of $91.15. 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 company has a fifty day moving average of $75.54 and a 200-day moving average of $79.37. The stock has a market capitalization of $7.17 billion, a PE ratio of 20.87 and a beta of 0.39.

Hedge Funds Weigh In On RLI

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in RLI by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,752 shares of the insurance provider’s stock worth $77,759,000 after acquiring an additional 9,131 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of RLI in the fourth quarter valued at $728,000. Empowered Funds LLC acquired a new position in RLI in the fourth quarter valued at $840,000. Callan Family Office LLC purchased a new position in RLI during the fourth quarter worth about $1,199,000. Finally, Sanctuary Advisors LLC boosted its stake in RLI by 147.2% in the 4th quarter. Sanctuary Advisors LLC now owns 14,917 shares of the insurance provider’s stock worth $2,459,000 after buying an additional 8,883 shares during the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.

Insider Buying and Selling at RLI

In related news, CEO Craig W. Kliethermes purchased 5,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $71.35 per share, with a total value of $356,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 139,190 shares in the company, valued at $9,931,206.50. The trade was a 3.73 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Duclos acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $72.50 per share, for a total transaction of $145,000.00. Following the purchase, the director now owns 7,215 shares of the company’s stock, valued at approximately $523,087.50. The trade was a 38.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 11,200 shares of company stock valued at $805,774 over the last quarter. Corporate insiders own 5.09% of the company’s stock.

RLI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. This is an increase from RLI’s previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, February 28th. RLI’s dividend payout ratio (DPR) is 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.