
RLI Corp. (NYSE:RLI – Free Report) – Research analysts at Zacks Research increased their Q1 2027 EPS estimates for RLI in a note issued to investors on Monday, November 9th. Zacks Research analyst Team now anticipates that the insurance provider will earn $0.78 per share for the quarter, up from their prior forecast of $0.77. The consensus estimate for RLI’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for RLI’s Q1 2028 earnings at $0.54 EPS.
RLI (NYSE:RLI – Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The insurance provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.54 by $0.32. RLI had a net margin of 20.34% and a return on equity of 18.19%. The business had revenue of $476.96 million during the quarter, compared to analyst estimates of $533.51 million. During the same period last year, the business posted $0.83 earnings per share.
Several other brokerages have also issued reports on RLI. Weiss Ratings raised RLI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 price target (up from $69.00) on shares of RLI in a research report on Wednesday, October 21st. Wall Street Zen raised RLI from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group cut RLI from a “hold” rating to an “underperform” rating and set a $53.00 price target on the stock. in a research note on Tuesday, August 25th. Finally, UBS Group set a $74.00 price objective on RLI in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $62.40.
Check Out Our Latest Report on RLI
RLI Stock Performance
RLI stock opened at $67.97 on Tuesday. RLI has a fifty-two week low of $47.26 and a fifty-two week high of $71.89. The stock’s 50 day simple moving average is $61.05 and its two-hundred day simple moving average is $58.95. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 15.84 and a beta of 0.31.
RLI Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. RLI’s payout ratio is currently 16.78%.
Institutional Trading of RLI
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of RLI in the 2nd quarter worth approximately $492,175,000. Wasatch Advisors LP raised its stake in RLI by 40.7% during the second quarter. Wasatch Advisors LP now owns 3,631,273 shares of the insurance provider’s stock valued at $214,499,000 after buying an additional 1,051,318 shares during the last quarter. Markel Group Inc. raised its stake in RLI by 1.1% during the third quarter. Markel Group Inc. now owns 2,421,922 shares of the insurance provider’s stock valued at $133,957,000 after buying an additional 27,378 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in RLI by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,920,823 shares of the insurance provider’s stock valued at $109,567,000 after buying an additional 21,299 shares during the last quarter. Finally, Maren Capital LLC boosted its holdings in RLI by 1.6% in the second quarter. Maren Capital LLC now owns 1,817,370 shares of the insurance provider’s stock worth $107,352,000 after acquiring an additional 28,366 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.
RLI Company Profile
RLI Corp. is a specialty insurance company that provides property, casualty and surety coverage through its subsidiaries. Its products serve businesses and individuals whose insurance needs may require specialized underwriting.
The company offers commercial liability and property insurance, personal umbrella coverage, and surety bonds, among other products. RLI distributes its policies primarily through independent agents and brokers and serves customers across the United States.
Founded in 1965, RLI began by providing replacement-cost coverage for mobile homes before expanding into a broader range of specialty insurance markets.
Recommended Stories
- Five stocks we like better than RLI
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
