Thrivent Financial for Lutherans lessened its position in shares of RLI Corp. (NYSE:RLI – Free Report) by 9.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,021,426 shares of the insurance provider’s stock after selling 103,473 shares during the period. Thrivent Financial for Lutherans’ holdings in RLI were worth $65,373,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of RLI. Quent Capital LLC bought a new position in RLI during the third quarter worth $26,000. Farther Finance Advisors LLC raised its stake in RLI by 94.4% during the fourth quarter. Farther Finance Advisors LLC now owns 414 shares of the insurance provider’s stock worth $26,000 after buying an additional 201 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in RLI by 156.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 464 shares of the insurance provider’s stock worth $30,000 after buying an additional 283 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in RLI by 72.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 618 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 259 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in RLI in the third quarter valued at $43,000. Institutional investors own 77.89% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on RLI. Jefferies Financial Group raised shares of RLI from an “underperform” rating to a “hold” rating and set a $52.00 price target for the company in a research note on Friday, January 23rd. Wall Street Zen downgraded shares of RLI from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of RLI from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Wells Fargo & Company decreased their price target on shares of RLI from $59.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods raised shares of RLI from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.50.
RLI News Roundup
Here are the key news stories impacting RLI this week:
- Positive Sentiment: RLI announced a $2.00 special dividend, boosting near-term shareholder returns and reinforcing its capital strength. RLI Boosts Shareholder Value With Dividends, Approves Buyback Program
- Positive Sentiment: The board raised the quarterly dividend by 12.5% to $0.18 per share, which should support investor sentiment around ongoing cash generation. RLI Declares Regular and Special Dividends and Authorizes New $250 Million Share Repurchase Program
- Positive Sentiment: RLI also authorized a new $250 million share buyback program, which could support earnings per share and reduce share count over time. RLI Boosts Dividend and Authorizes New Share Repurchase
- Neutral Sentiment: Zacks Research modestly increased its Q4 2027 EPS estimate to $0.62, suggesting only a slight improvement in long-term expectations. RLI stock page
- Neutral Sentiment: The same firm cut its Q4 2026 EPS estimate to $0.64 and lowered FY2027 EPS to $2.66, indicating some caution on medium-term earnings growth. RLI stock page
- Neutral Sentiment: Brokerage sentiment remains largely unchanged, with analysts maintaining an overall “Hold” view on the stock. RLI Corp. (NYSE:RLI) Given Average Recommendation of “Hold” by Brokerages
RLI Price Performance
Shares of NYSE RLI opened at $50.88 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of 11.89 and a beta of 0.42. The company has a 50-day moving average price of $56.32 and a 200-day moving average price of $59.86. RLI Corp. has a 1 year low of $47.26 and a 1 year high of $77.24.
RLI (NYSE:RLI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. RLI had a net margin of 20.81% and a return on equity of 17.72%. The firm had revenue of $423.87 million during the quarter, compared to analysts’ expectations of $564.47 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that RLI Corp. will post 2.7 earnings per share for the current fiscal year.
RLI Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.4%. This is a boost from RLI’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, May 29th. RLI’s dividend payout ratio is presently 14.95%.
About RLI
RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.
Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.
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