Maren Capital LLC Has $107.35 Million Stock Position in RLI Corp. $RLI

Key Points

• Maren Capital increased its RLI position by 1.6% in the second quarter, acquiring 28,366 additional shares. Its 1.82 million shares were valued at approximately $107.35 million, representing 5% of the firm’s portfolio and 1.98% of RLI.
• Institutional ownership remains high at 77.89%, with several investors—including Goldman Sachs, Royal Bank of Canada, Empowered Funds and Amundi—also expanding their stakes.
• RLI’s latest quarterly results beat expectations, with earnings of $0.83 per share and revenue of $575.57 million, up 15.2% year over year. However, analyst sentiment is mixed, with a consensus “Reduce” rating and a $63.20 target price; the company also declared a quarterly dividend of $0.18 per share.

Maren Capital LLC grew its position in RLI Corp. (NYSE:RLI - Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,817,370 shares of the insurance provider's stock after purchasing an additional 28,366 shares during the period. RLI comprises approximately 5.0% of Maren Capital LLC's holdings, making the stock its 8th biggest holding. Maren Capital LLC owned about 1.98% of RLI worth $107,352,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RLI. Royal Bank of Canada boosted its position in RLI by 115.1% in the first quarter. Royal Bank of Canada now owns 56,386 shares of the insurance provider's stock valued at $4,529,000 after buying an additional 30,170 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in RLI by 110.8% during the first quarter. Goldman Sachs Group Inc. now owns 185,504 shares of the insurance provider's stock worth $14,902,000 after buying an additional 97,501 shares during the last quarter. Empowered Funds LLC grew its stake in RLI by 472.3% during the first quarter. Empowered Funds LLC now owns 29,177 shares of the insurance provider's stock worth $2,344,000 after buying an additional 24,079 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of RLI by 46.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the insurance provider's stock worth $113,000 after buying an additional 493 shares in the last quarter. Finally, Amundi increased its holdings in shares of RLI by 16,550.0% during the second quarter. Amundi now owns 23,976 shares of the insurance provider's stock worth $1,689,000 after buying an additional 23,832 shares in the last quarter. Institutional investors own 77.89% of the company's stock.

Analyst Upgrades and Downgrades

RLI has been the topic of several recent analyst reports. Weiss Ratings raised RLI from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 28th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $74.00 price target (up from $70.00) on shares of RLI in a research report on Tuesday, July 28th. Wells Fargo & Company cut RLI from an "equal weight" rating to an "underweight" rating and set a $57.00 price target for the company. in a report on Wednesday, July 29th. Wall Street Zen upgraded RLI from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, 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. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, RLI has an average rating of "Reduce" and a consensus target price of $63.20.

RLI Stock Down 2.5%

Shares of RLI stock opened at $62.43 on Friday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 13.12 and a beta of 0.38. RLI Corp. has a 12 month low of $47.26 and a 12 month high of $68.29. The stock has a 50-day moving average price of $62.54 and a 200 day moving average price of $58.23.

RLI (NYSE:RLI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.11. RLI had a net margin of 22.22% and a return on equity of 17.61%. The business had revenue of $575.57 million during the quarter, compared to the consensus estimate of $568.70 million. During the same period in the previous year, the firm posted $0.82 earnings per share. RLI's revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that RLI Corp. will post 2.88 earnings per share for the current fiscal year.

RLI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. RLI's dividend payout ratio is 15.13%.

RLI 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.

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