Oppenheimer Asset Management Inc. Takes Position in RLI Corp. $RLI

Posted by Francis Steltz on Aug 16th, 2026

Oppenheimer Asset Management Inc. bought a new stake in shares of RLI Corp. (NYSE:RLI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,084 shares of the insurance provider’s stock, valued at approximately $2,604,000.

Several other institutional investors and hedge funds have also bought and sold shares of RLI. Royal Bank of Canada boosted its stake in shares of RLI by 115.1% during the first quarter. Royal Bank of Canada now owns 56,386 shares of the insurance provider’s stock valued at $4,529,000 after purchasing an additional 30,170 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of RLI by 110.8% in the first quarter. Goldman Sachs Group Inc. now owns 185,504 shares of the insurance provider’s stock worth $14,902,000 after buying an additional 97,501 shares during the period. Empowered Funds LLC increased its stake in shares of RLI by 472.3% in the first quarter. Empowered Funds LLC now owns 29,177 shares of the insurance provider’s stock worth $2,344,000 after buying an additional 24,079 shares during the period. EverSource Wealth Advisors LLC raised its holdings in RLI by 46.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the insurance provider’s stock valued at $113,000 after buying an additional 493 shares during the last quarter. Finally, Amundi raised its holdings in RLI by 16,550.0% during the 2nd quarter. Amundi now owns 23,976 shares of the insurance provider’s stock valued at $1,689,000 after buying an additional 23,832 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on RLI. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $74.00 price target (up from $70.00) on shares of RLI in a report on Tuesday, July 28th. UBS Group set a $74.00 price objective on shares of RLI in a research note on Tuesday, July 28th. Weiss Ratings raised RLI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded RLI from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wells Fargo & Company lowered RLI from an “equal weight” rating to an “underweight” rating and set a $57.00 price target for the company. in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Read Our Latest Report on RLI

RLI Price Performance

Shares of RLI opened at $63.80 on Friday. RLI Corp. has a one year low of $47.26 and a one year high of $69.19. The company has a 50-day simple moving average of $59.42 and a two-hundred day simple moving average of $57.80. The firm has a market capitalization of $5.86 billion, a PE ratio of 13.40 and a beta of 0.38.

RLI (NYSE:RLI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.11. RLI had a return on equity of 17.61% and a net margin of 22.22%.The business had revenue of $575.57 million for the quarter, compared to analysts’ expectations of $568.70 million. During the same period in the previous year, the firm posted $0.82 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Analysts expect that RLI Corp. will post 2.88 EPS for the current fiscal year.

RLI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. RLI’s payout ratio is currently 15.13%.

Insider Transactions at RLI

In other news, Director Clark C. Kellogg acquired 3,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $50.90 per share, for a total transaction of $152,700.00. Following the completion of the acquisition, the director owned 4,502 shares in the company, valued at $229,151.80. This trade represents a 199.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Duclos acquired 2,500 shares of the stock in a transaction on Thursday, May 28th. The shares were purchased at an average cost of $51.99 per share, with a total value of $129,975.00. Following the transaction, the director directly 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 SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 16,500 shares of company stock valued at $858,955. Company insiders own 2.39% of the company’s stock.

RLI Profile

(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.