RLI Corp. (NYSE:RLI) Stock Has Consensus Target Price of $62.40 According to Analysts

Shares of RLI Corp. (NYSE:RLI) have received a consensus rating of “Reduce” from the six ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $62.40.

RLI has been the subject of several recent analyst reports. Wells Fargo & Company set a $53.00 price objective on RLI and gave the stock an “underweight” rating in a research report on Wednesday, October 21st. Jefferies Financial Group lowered RLI from a “hold” rating to an “underperform” rating and set a $53.00 price objective on the stock. in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $74.00 target price (up from $69.00) on shares of RLI in a research report on Wednesday, October 21st. Wall Street Zen raised RLI from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group set a $74.00 target price on shares of RLI in a report on Tuesday, July 28th.

RLI Price Performance

Shares of RLI opened at $68.67 on Thursday. RLI has a one year low of $47.26 and a one year high of $71.89. The company has a market cap of $6.30 billion, a P/E ratio of 19.91 and a beta of 0.31. The firm has a 50 day simple moving average of $61.26 and a two-hundred day simple moving average of $59.07.

RLI (NYSE:RLI) last released its earnings results on Monday, October 19th. The insurance provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.32. RLI had a return on equity of 18.19% and a net margin of 20.34%. The firm had revenue of $476.96 million during the quarter, compared to analysts’ expectations of $533.51 million. During the same period in the prior year, the company earned $0.83 earnings per share. On average, analysts expect that RLI will post 3.21 earnings per share for the current fiscal year.

RLI Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, November 30th. RLI’s payout ratio is 16.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in RLI during the 3rd quarter worth approximately $303,000. Voya Investment Management LLC raised its stake in shares of RLI by 4.2% during the third quarter. Voya Investment Management LLC now owns 9,528 shares of the insurance provider’s stock valued at $527,000 after acquiring an additional 387 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of RLI by 38.9% during the third quarter. Global Retirement Partners LLC now owns 2,966 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 831 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of RLI by 16.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 28,472 shares of the insurance provider’s stock worth $1,575,000 after purchasing an additional 4,000 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of RLI by 79.7% during the third quarter. Bessemer Group Inc. now owns 530 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 77.89% of the company’s stock.

Key Stories Impacting RLI

Investors following RLI have been watching these stories:

• Positive Sentiment: RLI declared a $3.00-per-share special dividend, payable Dec. 7 to shareholders of record Nov. 30. The company also maintained its regular quarterly dividend at $0.18 per share, payable on the same date. The large special distribution is a notable return of capital to shareholders. Special dividend announcement Quarterly dividend announcement
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $3.19 from $2.84, and increased its FY2027 and FY2028 forecasts modestly, signaling a more favorable view of earnings in several periods. Zacks Research estimate update
• Neutral Sentiment: Director Robert P. Restrepo notified RLI of his intention to retire and resign from the board; the report provided no further details on the departure or its expected impact. Director retirement announcement

About RLI

RLI Corp. is a specialty insurance company that provides property, casualty and surety coverage through its subsidiaries. Its products serve businesses and individuals whose insurance needs may require specialized underwriting. The company offers commercial liability and property insurance, personal umbrella coverage, and surety bonds, among other products. RLI distributes its policies primarily through independent agents and brokers and serves customers across the United States. Founded in 1965, RLI began by providing replacement-cost coverage for mobile homes before expanding into a broader range of specialty insurance markets.