Legal & General Group Plc Sells 40,471 Shares of RLI Corp. $RLI

Posted by Francis Steltz on Jun 6th, 2026

Legal & General Group Plc decreased its holdings in RLI Corp. (NYSE:RLI – Free Report) by 23.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 131,198 shares of the insurance provider’s stock after selling 40,471 shares during the period. Legal & General Group Plc’s holdings in RLI were worth $8,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of RLI by 94.4% in the 4th quarter. Farther Finance Advisors LLC now owns 414 shares of the insurance provider’s stock valued at $26,000 after buying an additional 201 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of RLI by 156.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 464 shares of the insurance provider’s stock valued at $30,000 after buying an additional 283 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of RLI by 72.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 618 shares of the insurance provider’s stock valued at $40,000 after buying an additional 259 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of RLI in the 3rd quarter valued at about $43,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of RLI in the 4th quarter valued at about $43,000. Institutional investors own 77.89% of the company’s stock.

RLI Price Performance

Shares of RLI stock opened at $52.43 on Friday. RLI Corp. has a one year low of $47.26 and a one year high of $76.41. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 12.25 and a beta of 0.41. The business has a 50-day simple moving average of $53.86 and a 200 day simple moving average of $58.91.

RLI (NYSE:RLI – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The insurance provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. RLI had a return on equity of 17.72% and a net margin of 20.81%.The business had revenue of $423.87 million during the quarter, compared to analyst estimates of $564.47 million. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that RLI Corp. will post 2.75 EPS for the current year.

RLI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from RLI’s previous quarterly dividend of $0.16. RLI’s dividend payout ratio is presently 16.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen lowered RLI from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Keefe, Bruyette & Woods raised RLI from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings downgraded RLI from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Zacks Research raised RLI from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company dropped their price objective on RLI from $59.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.50.

Read Our Latest Research Report on RLI

Insider Buying and Selling

In related news, Director David B. Duclos acquired 2,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $51.99 per share, with a total value of $129,975.00. Following the acquisition, the director owned 9,780 shares of the company’s stock, valued at approximately $508,462.20. This trade represents a 34.34% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer L. Klobnak acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $52.72 per share, with a total value of $105,440.00. Following the completion of the acquisition, the chief operating officer directly owned 104,318 shares in the company, valued at approximately $5,499,644.96. This represents a 1.95% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 16,500 shares of company stock valued at $858,955. Company insiders own 2.39% of the company’s stock.

About RLI

(Free Report)

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.