Zacks Research Weighs in on RLI’s Q1 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Analysts at Zacks Research reduced their Q1 2025 earnings estimates for RLI in a research note issued to investors on Monday, March 24th. Zacks Research analyst T. De now expects that the insurance provider will earn $0.91 per share for the quarter, down from their prior estimate 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 data 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%.

A number of other research firms have also weighed in on RLI. Jefferies Financial Group lowered shares of RLI from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $95.00 to $61.00 in a research report on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price on shares of RLI from $100.50 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. StockNews.com raised shares of RLI from a “sell” rating to a “hold” rating in a report on Friday, February 21st. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a report on Thursday, January 23rd. Finally, Compass Point cut their target price on RLI from $185.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, RLI currently has an average rating of “Hold” and a consensus target price of $82.80.

RLI Trading Up 1.2 %

NYSE:RLI opened at $79.27 on Wednesday. RLI has a 12-month low of $67.53 and a 12-month high of $91.15. The company has a current ratio of 0.34, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $75.59 and its 200-day simple moving average is $79.36. The firm has a market cap of $7.27 billion, a P/E ratio of 21.17 and a beta of 0.39.

RLI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from RLI’s previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. RLI’s dividend payout ratio (DPR) is 16.00%.

Insider Activity

In other RLI news, Director Michael E. Angelina bought 2,200 shares of the company’s stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of $72.62 per share, for a total transaction of $159,764.00. Following the acquisition, the director now owns 23,514 shares of the company’s stock, valued at $1,707,586.68. The trade was a 10.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert P. Restrepo, Jr. sold 2,864 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $74.89, for a total transaction of $214,484.96. Following the completion of the sale, the director now directly owns 23,312 shares in the company, valued at $1,745,835.68. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 11,200 shares of company stock worth $805,774. Company insiders own 5.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RLI. Charles Schwab Investment Management Inc. increased its position in RLI by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,621 shares of the insurance provider’s stock worth $71,697,000 after buying an additional 24,819 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of RLI during the third quarter valued at $478,000. Algert Global LLC increased its position in RLI by 61.9% during the 3rd quarter. Algert Global LLC now owns 24,032 shares of the insurance provider’s stock worth $3,724,000 after purchasing an additional 9,190 shares in the last quarter. Independent Advisor Alliance raised its stake in RLI by 0.6% in the 3rd quarter. Independent Advisor Alliance now owns 16,979 shares of the insurance provider’s stock valued at $2,631,000 after purchasing an additional 107 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in RLI by 0.8% in the 3rd 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 in the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

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.