Equities Analysts Offer Predictions for RLI Q1 Earnings

RLI Corp. (NYSE:RLI) – Equities research analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for RLI in a report issued on Monday, March 24th. Zacks Research analyst T. De now forecasts that the insurance provider will earn $0.91 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for RLI’s current full-year earnings is $3.08 per share. Zacks Research also issued estimates for RLI’s FY2025 earnings at $3.08 EPS and FY2027 earnings at $3.14 EPS.

RLI (NYSE:RLI) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $0.41 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.64). RLI had a net margin of 19.53% and a return on equity of 16.63%.

Other research analysts have also recently issued research reports about the company. JMP Securities restated a “market perform” rating on shares of RLI in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on RLI from $100.50 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Royal Bank of Canada reduced their target price on shares of RLI from $88.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group cut shares of RLI from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $95.00 to $61.00 in a research report on Monday, January 27th. Finally, Compass Point dropped their target price on RLI from $185.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, RLI has an average rating of “Hold” and an average price target of $82.80.

RLI Stock Performance

NYSE:RLI opened at $78.15 on Wednesday. The firm’s fifty day simple moving average is $75.54 and its 200 day simple moving average is $79.37. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. RLI has a twelve month low of $67.53 and a twelve month high of $91.15. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 20.87 and a beta of 0.39.

RLI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. This is an increase from RLI’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 28th. RLI’s dividend payout ratio (DPR) is 16.00%.

Insider Activity at RLI

In other RLI news, CEO Craig W. Kliethermes bought 5,000 shares of the stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $71.35 per share, for a total transaction of $356,750.00. Following the completion of the purchase, the chief executive officer now directly owns 139,190 shares in the company, valued at approximately $9,931,206.50. This trade represents a 3.73 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jordan W. Graham sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $74.77, for a total transaction of $112,155.00. Following the completion of the transaction, the director now owns 12,854 shares in the company, valued at approximately $961,093.58. The trade was a 10.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 11,200 shares of company stock valued at $805,774 over the last three months. 5.09% of the stock is owned by insiders.

Institutional Investors Weigh In On RLI

Several institutional investors and hedge funds have recently bought and sold shares of RLI. Brown Brothers Harriman & Co. grew its holdings in shares of RLI by 0.8% during the third quarter. Brown Brothers Harriman & Co. now owns 7,879 shares of the insurance provider’s stock valued at $1,221,000 after purchasing an additional 66 shares during the last quarter. Versant Capital Management Inc increased its position in RLI by 53.8% in the fourth quarter. Versant Capital Management Inc now owns 203 shares of the insurance provider’s stock worth $33,000 after buying an additional 71 shares during the period. Nomura Asset Management Co. Ltd. increased its position in RLI by 76.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the insurance provider’s stock worth $36,000 after buying an additional 100 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of RLI by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 4,545 shares of the insurance provider’s stock valued at $704,000 after acquiring an additional 103 shares during the period. Finally, Independent Advisor Alliance grew its position in shares of RLI by 0.6% during the third quarter. Independent Advisor Alliance now owns 16,979 shares of the insurance provider’s stock worth $2,631,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.

About RLI

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.