Research Analysts Offer Predictions for RLI Q2 Earnings

RLI Corp. (NYSE:RLIFree Report) – Zacks Research dropped their Q2 2027 earnings estimates for RLI in a report released on Thursday, August 27th. Zacks Research analyst Team now expects that the insurance provider will earn $0.66 per share for the quarter, down from their previous estimate of $0.67. The consensus estimate for RLI’s current full-year earnings is $2.88 per share. Zacks Research also issued estimates for RLI’s Q3 2027 earnings at $0.59 EPS.

RLI (NYSE:RLIGet Free Report) last posted its earnings results on Wednesday, July 22nd. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $575.57 million during the quarter, compared to analyst estimates of $568.70 million. RLI had a net margin of 22.22% and a return on equity of 17.61%. RLI’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share.

Several other equities research analysts have also recently weighed in on RLI. Weiss Ratings upgraded RLI from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Jefferies Financial Group cut RLI from a “hold” rating to an “underperform” rating and set a $53.00 target price on the stock. in a research note on Tuesday, August 25th. UBS Group set a $74.00 target price on RLI in a report on Tuesday, July 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $74.00 price target (up from $70.00) on shares of RLI in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of RLI from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $63.20.

Read Our Latest Report on RLI

RLI Price Performance

Shares of NYSE:RLI opened at $63.35 on Monday. The stock’s 50-day moving average is $62.08 and its 200 day moving average is $58.17. The company has a market cap of $5.81 billion, a PE ratio of 13.31 and a beta of 0.38. RLI has a 1 year low of $47.26 and a 1 year high of $68.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RLI. UBS Group AG raised its holdings in RLI by 8.7% in the fourth quarter. UBS Group AG now owns 607,176 shares of the insurance provider’s stock worth $38,847,000 after purchasing an additional 48,563 shares in the last quarter. Chase Investment Counsel Corp purchased a new position in RLI during the fourth quarter valued at $1,535,000. Wasatch Advisors LP boosted its holdings in shares of RLI by 33.1% during the 1st quarter. Wasatch Advisors LP now owns 2,579,955 shares of the insurance provider’s stock valued at $147,161,000 after buying an additional 641,769 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of RLI by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 9,448,929 shares of the insurance provider’s stock valued at $604,542,000 after buying an additional 310,857 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of RLI by 18.4% in the 4th quarter. Royce & Associates LP now owns 586,402 shares of the insurance provider’s stock worth $37,518,000 after buying an additional 91,073 shares during the period. Institutional investors own 77.89% of the company’s stock.

RLI Dividend Announcement

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

About RLI

(Get 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.

Featured Articles

Earnings History and Estimates for RLI (NYSE:RLI)

Receive News & Ratings for RLI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLI and related companies with MarketBeat.com's FREE daily email newsletter.