Q4 2024 EPS Estimates for RLI Corp. (NYSE:RLI) Lifted by William Blair

RLI Corp. (NYSE:RLI) – Equities research analysts at William Blair boosted their Q4 2024 earnings per share (EPS) estimates for RLI in a report issued on Tuesday, July 23rd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $1.55 per share for the quarter, up from their prior forecast of $1.44. The consensus estimate for RLI’s current full-year earnings is $5.84 per share. William Blair also issued estimates for RLI’s Q2 2025 earnings at $1.60 EPS and Q3 2025 earnings at $1.12 EPS.

RLI has been the topic of several other research reports. Compass Point cut their price objective on RLI from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $155.00 target price on shares of RLI in a research report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of RLI in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price objective on shares of RLI in a research report on Friday, June 21st. Finally, Jefferies Financial Group decreased their price objective on RLI from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.50.

RLI Stock Performance

NYSE RLI opened at $141.64 on Thursday. The stock’s fifty day moving average is $142.00 and its two-hundred day moving average is $142.73. The firm has a market capitalization of $6.47 billion, a P/E ratio of 19.56 and a beta of 0.41. RLI has a fifty-two week low of $125.77 and a fifty-two week high of $149.20.

RLI (NYSE:RLI) last issued its quarterly earnings results on Monday, July 22nd. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.37. The firm had revenue of $416.44 million for the quarter, compared to analyst estimates of $561.60 million. RLI had a return on equity of 18.89% and a net margin of 20.78%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in RLI in the fourth quarter valued at about $25,000. American National Bank purchased a new position in RLI in the second quarter valued at about $35,000. Riverview Trust Co bought a new position in RLI during the 1st quarter worth approximately $44,000. Intelligent Financial Strategies bought a new position in RLI during the 1st quarter worth approximately $45,000. Finally, GAMMA Investing LLC bought a new position in RLI during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

RLI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $0.29 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. This is an increase from RLI’s previous quarterly dividend of $0.27. RLI’s dividend payout ratio is currently 16.02%.

RLI Company Profile

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.