William Blair Issues Negative Estimate for RLI Earnings

RLI Corp. (NYSE:RLI) – Research analysts at William Blair reduced their Q4 2024 earnings per share estimates for shares of RLI in a report released on Tuesday, October 22nd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $0.86 per share for the quarter, down from their previous forecast of $1.55. The consensus estimate for RLI’s current full-year earnings is $6.07 per share. William Blair also issued estimates for RLI’s Q1 2025 earnings at $2.03 EPS, Q2 2025 earnings at $1.63 EPS and Q3 2025 earnings at $1.15 EPS.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of RLI from $162.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on RLI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Compass Point cut their target price on RLI from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wolfe Research initiated coverage on RLI in a research note on Wednesday, October 9th. They issued an “outperform” rating and a $182.00 price target on the stock. Finally, Oppenheimer assumed coverage on shares of RLI in a report on Wednesday, October 16th. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.40.

RLI Trading Down 0.3 %

Shares of RLI stock opened at $159.18 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. RLI has a twelve month low of $125.77 and a twelve month high of $164.25. The company’s 50-day moving average price is $154.43 and its 200-day moving average price is $147.04. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 17.49 and a beta of 0.41.

RLI (NYSE:RLI) last released its quarterly earnings data on Monday, October 21st. The insurance provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. RLI had a return on equity of 19.03% and a net margin of 23.77%. The company had revenue of $470.00 million for the quarter, compared to analyst estimates of $491.54 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its holdings in RLI by 237.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 207,883 shares of the insurance provider’s stock worth $30,864,000 after buying an additional 146,324 shares in the last quarter. Maren Capital LLC raised its stake in shares of RLI by 21.3% in the first quarter. Maren Capital LLC now owns 612,081 shares of the insurance provider’s stock valued at $90,876,000 after acquiring an additional 107,655 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in RLI by 585.0% in the first quarter. Russell Investments Group Ltd. now owns 41,649 shares of the insurance provider’s stock valued at $6,184,000 after purchasing an additional 35,569 shares during the period. Cubist Systematic Strategies LLC grew its stake in RLI by 2,611.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 34,838 shares of the insurance provider’s stock worth $4,901,000 after purchasing an additional 33,553 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of RLI by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,365 shares of the insurance provider’s stock valued at $39,400,000 after buying an additional 33,435 shares during the period. Hedge funds and other institutional investors own 77.89% of the company’s stock.

RLI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, August 30th. This represents a $1.16 dividend on an annualized basis and a yield of 0.73%. RLI’s dividend payout ratio (DPR) is presently 12.75%.

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.