Brokers Issue Forecasts for RLI’s FY2027 Earnings (NYSE:RLI)

RLI Corp. (NYSE:RLI) – Equities research analysts at Zacks Research lowered their FY2027 earnings estimates for shares of RLI in a research report issued to clients and investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the insurance provider will earn $2.71 per share for the year, down from their previous forecast of $2.72. The consensus estimate for RLI’s current full-year earnings is $2.88 per share. Zacks Research also issued estimates for RLI’s Q4 2027 earnings at $0.69 EPS and FY2028 earnings at $2.70 EPS.

RLI has been the subject of several other reports. Jefferies Financial Group cut RLI from a “hold” rating to an “underperform” rating and set a $53.00 price target for the company. in a research report on Tuesday, August 25th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $74.00 price objective (up from $70.00) on shares of RLI in a report on Tuesday, July 28th. Wells Fargo & Company cut shares of RLI from an “equal weight” rating to an “underweight” rating and set a $57.00 target price on the stock. in a research note on Wednesday, July 29th. Wall Street Zen raised shares of RLI from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of RLI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, RLI has a consensus rating of “Reduce” and a consensus price target of $63.20.

RLI Price Performance

Shares of RLI stock opened at $63.50 on Tuesday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 13.34 and a beta of 0.38. The business has a 50 day simple moving average of $61.89 and a two-hundred day simple moving average of $58.17. RLI has a 12 month low of $47.26 and a 12 month high of $68.29.

RLI (NYSE:RLI) last posted its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $0.83 earnings per share (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 company had revenue of $575.57 million for the quarter, compared to analysts’ expectations of $568.70 million. During the same period in the previous year, the firm posted $0.82 EPS. RLI’s revenue was up 15.2% compared to the same quarter last year.

Hedge Funds Weigh In On RLI

A number of institutional investors have recently added to or reduced their stakes in RLI. Farther Finance Advisors LLC grew its holdings in RLI by 94.4% in the 4th quarter. Farther Finance Advisors LLC now owns 414 shares of the insurance provider’s stock valued at $26,000 after buying an additional 201 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of RLI by 156.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 464 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 283 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of RLI by 85.9% during the 4th quarter. IFP Advisors Inc now owns 684 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 316 shares during the period. Advisory Services Network LLC purchased a new position in shares of RLI during the 3rd quarter worth $47,000. Finally, Versant Capital Management Inc boosted its position in shares of RLI by 28.5% during the 2nd quarter. Versant Capital Management Inc now owns 835 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 185 shares during 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 will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. RLI’s dividend payout ratio (DPR) 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.