Zacks Research Issues Negative Outlook for RLI Earnings

RLI Corp. (NYSE:RLI) – Investment analysts at Zacks Research cut their Q2 2027 EPS estimates for RLI in a report issued on Thursday, August 27th. Zacks Research analyst Team now anticipates that the insurance provider will earn $0.66 per share for the quarter, down from their previous estimate of $0.67. The consensus estimate for RLI’s current full-year earnings is $2.88 per share. Zacks Research also issued estimates for RLI’s Q3 2027 earnings at $0.59 EPS.

RLI (NYSE:RLI) last posted its earnings results on Wednesday, July 22nd. The insurance provider reported $0.83 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $568.70 million. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis.

A number of other brokerages also recently weighed in on RLI. Wall Street Zen raised shares of RLI from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group cut shares of RLI from a “hold” rating to an “underperform” rating and set a $53.00 price target for the company. in a research note on Tuesday, August 25th. Weiss Ratings raised shares of RLI from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. UBS Group set a $74.00 price objective on shares of RLI in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company downgraded shares of RLI from an “equal weight” rating to an “underweight” rating and set a $57.00 price objective for the company. in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $63.20.

RLI Trading Down 1.3%

Shares of NYSE RLI opened at $63.50 on Monday. RLI has a 12 month low of $47.26 and a 12 month high of $68.29. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 13.34 and a beta of 0.38. The business has a 50-day moving average of $61.89 and a 200-day moving average of $58.17.

Institutional Investors Weigh In On RLI

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in RLI in the 2nd quarter worth $492,175,000. California State Teachers Retirement System raised its stake in shares of RLI by 5,642.4% during the second quarter. California State Teachers Retirement System now owns 5,759,443 shares of the insurance provider’s stock valued at $340,210,000 after acquiring an additional 5,659,146 shares during the last quarter. Port Capital LLC purchased a new stake in shares of RLI during the second quarter worth about $79,499,000. Wasatch Advisors LP purchased a new stake in shares of RLI during the second quarter worth about $84,608,000. Finally, Norges Bank purchased a new stake in shares of RLI during the fourth quarter worth about $66,997,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

RLI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. RLI’s dividend payout ratio is currently 15.13%.

RLI Company Profile

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.