William Blair Weighs in on RLI’s FY2024 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Investment analysts at William Blair lowered their FY2024 EPS estimates for RLI in a research note issued on Tuesday, October 22nd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $5.77 for the year, down from their prior forecast of $5.95. The consensus estimate for RLI’s current full-year earnings is $6.07 per share. William Blair also issued estimates for RLI’s Q4 2025 earnings at $1.62 EPS and FY2025 earnings at $6.42 EPS.

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

RLI Stock Performance

Shares of RLI stock opened at $159.18 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50-day moving average of $154.43 and a 200-day moving average of $147.04. RLI has a one year low of $125.77 and a one year high of $164.25. The company has a market cap of $7.28 billion, a P/E ratio of 17.49 and a beta of 0.41.

RLI (NYSE:RLI) last posted its quarterly earnings results 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. The business had revenue of $470.00 million for the quarter, compared to the consensus estimate of $491.54 million. RLI had a return on equity of 19.03% and a net margin of 23.77%. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS.

Institutional Investors Weigh In On RLI

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in RLI by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 931,454 shares of the insurance provider’s stock worth $131,045,000 after buying an additional 24,125 shares during the period. Maren Capital LLC lifted its stake in shares of RLI by 21.3% in the 1st quarter. Maren Capital LLC now owns 612,081 shares of the insurance provider’s stock valued at $90,876,000 after purchasing an additional 107,655 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of RLI by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 556,764 shares of the insurance provider’s stock valued at $78,331,000 after purchasing an additional 8,454 shares in the last quarter. Bank of New York Mellon Corp grew its stake in RLI by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 428,331 shares of the insurance provider’s stock worth $60,262,000 after purchasing an additional 1,979 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in RLI by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 265,365 shares of the insurance provider’s stock worth $39,400,000 after purchasing an additional 33,435 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

RLI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.29 dividend. 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 currently 12.75%.

About RLI

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.