
RLI Corp. (NYSE:RLI – Free 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:RLI – Get 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.
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
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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