Brokers Issue Forecasts for RLI’s Q4 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Equities researchers at William Blair dropped their Q4 2024 earnings per share (EPS) estimates for shares of RLI in a report released on Tuesday, October 22nd. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $0.86 for the quarter, down from their prior 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.

Other research analysts have also recently issued research reports about the stock. Oppenheimer began coverage on shares of RLI in a report on Wednesday, October 16th. They set a “market perform” rating for the company. Royal Bank of Canada boosted their price objective on RLI from $162.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday. JMP Securities restated a “market perform” rating on shares of RLI in a research note on Tuesday, July 23rd. Compass Point reduced their price target on RLI from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Wolfe Research started coverage on RLI in a report on Wednesday, October 9th. They issued an “outperform” rating and a $182.00 price target for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, RLI currently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

RLI Stock Performance

RLI 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 12-month low of $125.77 and a 12-month high of $164.25. The firm has a 50 day moving average of $154.43 and a two-hundred day moving average of $147.04. The firm has a market capitalization of $7.28 billion, a PE ratio of 17.49 and a beta of 0.41.

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

RLI Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. raised its position in RLI by 620.0% during the third quarter. UMB Bank n.a. now owns 180 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 155 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of RLI during the 3rd quarter worth about $32,000. American National Bank purchased a new position in RLI in the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in RLI by 45.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 246 shares of the insurance provider’s stock worth $37,000 after buying an additional 77 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in RLI by 468.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 307 shares of the insurance provider’s stock worth $46,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

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.