Zacks Research Brokers Decrease Earnings Estimates for RLI

RLI Corp. (NYSE:RLI) – Equities research analysts at Zacks Research cut their FY2027 EPS estimates for shares of RLI in a report released on Thursday, August 27th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.71 per share for the year, down from their previous estimate of $2.72. The consensus estimate for RLI’s current full-year earnings is $2.88 per share. Zacks Research also issued estimates for RLI’s Q4 2027 earnings at $0.69 EPS and FY2028 earnings at $2.70 EPS.

A number of other research firms have also recently weighed in on RLI. UBS Group set a $74.00 price target on RLI in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of RLI from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $74.00 target price (up from $70.00) on shares of RLI in a research report on Tuesday, July 28th. Jefferies Financial Group lowered shares of RLI from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company lowered shares of RLI from an “equal weight” rating to an “underweight” rating and set a $57.00 target price for the company. in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, RLI has an average rating of “Reduce” and a consensus target price of $63.20.

RLI Stock Down 1.3%

NYSE:RLI opened at $63.50 on Tuesday. RLI has a 52 week low of $47.26 and a 52 week high of $68.29. The company has a market capitalization of $5.83 billion, a P/E ratio of 13.34 and a beta of 0.38. The stock’s fifty day moving average is $61.89 and its two-hundred day moving average is $58.17.

RLI (NYSE:RLI) last issued its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 17.61% and a net margin of 22.22%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of RLI by 3.4% in 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 during the period. State Street Corp lifted its stake in RLI by 1.4% during the 4th quarter. State Street Corp now owns 8,875,002 shares of the insurance provider’s stock worth $567,823,000 after acquiring an additional 124,687 shares in the last quarter. BlackRock Inc. purchased a new position in RLI during the 2nd quarter valued at about $492,175,000. California State Teachers Retirement System boosted its holdings in RLI by 5,642.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,759,443 shares of the insurance provider’s stock valued at $340,210,000 after acquiring an additional 5,659,146 shares during the period. Finally, Wasatch Advisors LP grew its position in RLI by 40.7% in the 2nd quarter. Wasatch Advisors LP now owns 3,631,273 shares of the insurance provider’s stock valued at $214,499,000 after acquiring an additional 1,051,318 shares in the last quarter. 77.89% of the stock is currently owned by hedge funds and other institutional investors.

RLI Announces Dividend

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

RLI Company Profile

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.