DOWLING & PARTN Forecasts RLI’s FY2028 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Stock analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for RLI in a research report issued to clients and investors on Friday, July 24th. DOWLING & PARTN analyst J. Collins anticipates that the insurance provider will earn $3.15 per share for the year. The consensus estimate for RLI’s current full-year earnings is $2.80 per share.

RLI (NYSE:RLI) last released its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. RLI had a return on equity of 17.61% and a net margin of 22.22%.The business had revenue of $575.57 million during the quarter, compared to analyst estimates of $568.70 million. During the same period in the prior year, the firm posted $0.82 EPS. RLI’s quarterly revenue was up 15.2% compared to the same quarter last year.

A number of other brokerages also recently weighed in on RLI. Zacks Research upgraded RLI from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Wells Fargo & Company downgraded RLI to an “underweight” rating in a research report on Wednesday. Weiss Ratings cut RLI from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of RLI in a research note on Tuesday. Finally, UBS Group set a $74.00 price target on shares of RLI in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $63.20.

RLI Stock Performance

RLI stock opened at $65.15 on Wednesday. RLI has a fifty-two week low of $47.26 and a fifty-two week high of $69.19. The firm’s 50-day simple moving average is $56.44 and its 200 day simple moving average is $57.43. The stock has a market cap of $5.99 billion, a PE ratio of 13.69 and a beta of 0.38.

RLI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.18 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from RLI’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.1%. RLI’s dividend payout ratio (DPR) is currently 15.13%.

Insider Transactions at RLI

In other news, CEO Craig W. Kliethermes acquired 5,000 shares of RLI stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $52.00 per share, with a total value of $260,000.00. Following the completion of the acquisition, the chief executive officer owned 148,990 shares in the company, valued at approximately $7,747,480. This trade represents a 3.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer L. Klobnak bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $53.42 per share, with a total value of $106,840.00. Following the completion of the transaction, the chief operating officer directly owned 102,318 shares of the company’s stock, valued at approximately $5,465,827.56. The trade was a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 16,500 shares of company stock worth $858,955 in the last ninety days. Company insiders own 2.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in 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 acquiring an additional 310,857 shares during the period. State Street Corp lifted its holdings in RLI by 1.4% during the fourth quarter. State Street Corp now owns 8,875,002 shares of the insurance provider’s stock valued at $567,823,000 after purchasing an additional 124,687 shares during the last quarter. Wasatch Advisors LP boosted its position in RLI by 40.7% during the second quarter. Wasatch Advisors LP now owns 3,631,273 shares of the insurance provider’s stock worth $214,499,000 after purchasing an additional 1,051,318 shares during the period. Geode Capital Management LLC increased its stake in shares of RLI by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,191,891 shares of the insurance provider’s stock worth $140,260,000 after purchasing an additional 67,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of RLI by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,920,823 shares of the insurance provider’s stock valued at $109,567,000 after purchasing an additional 21,299 shares during the period. Institutional investors own 77.89% of the company’s stock.

About RLI

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.