RLI Corp. $RLI Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska sold 73.8% of its RLI stake in Q4, trimming its holding to 9,187 shares worth $587,000, while other institutions (Wasatch, Two Sigma, UBS, State Street) either added large positions or initiated new stakes — institutional investors now own 77.89% of the company.
• Q1 results were mixed: EPS of $0.83 beat the $0.73 consensus but revenue of $423.9M fell well short of expectations (~$564.5M); management cited underwriting strength (Q1 combined ratio ~86) and only modest ~3% top-line growth.
• The stock dropped about 3.9%, trading near its one‑year low around $52.79 with a P/E of 12.3 and market cap ~$4.85B, and analysts maintain an average rating of Hold with a $61.50 target amid several divergent analyst actions (Wells Fargo cut target to $55).

State of Alaska Department of Revenue cut its stake in shares of RLI Corp. (NYSE:RLI - Free Report) by 73.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,187 shares of the insurance provider's stock after selling 25,826 shares during the period. State of Alaska Department of Revenue's holdings in RLI were worth $587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RLI. Wasatch Advisors LP purchased a new stake in shares of RLI during the second quarter valued at approximately $84,608,000. Two Sigma Investments LP boosted its stake in shares of RLI by 353.1% in the third quarter. Two Sigma Investments LP now owns 446,378 shares of the insurance provider's stock valued at $29,113,000 after purchasing an additional 347,858 shares during the period. UBS Group AG grew its holdings in RLI by 102.7% during the 3rd quarter. UBS Group AG now owns 558,613 shares of the insurance provider's stock valued at $36,433,000 after purchasing an additional 283,083 shares in the last quarter. State Street Corp grew its holdings in RLI by 3.3% during the 3rd quarter. State Street Corp now owns 8,750,315 shares of the insurance provider's stock valued at $570,696,000 after purchasing an additional 279,983 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in RLI during the 3rd quarter worth $14,391,000. Hedge funds and other institutional investors own 77.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of RLI from $59.00 to $55.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Citizens Jmp reaffirmed a "market perform" rating on shares of RLI in a research report on Friday, January 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of RLI in a research note on Thursday, April 2nd. Zacks Research raised RLI from a "strong sell" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods upgraded RLI from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.50.

More RLI News

Here are the key news stories impacting RLI this week:

• Positive Sentiment: Underwriting strength — RLI reported a first-quarter combined ratio of ~86, reflecting disciplined pricing and profitable underwriting that supports core earnings resilience. RLI outlines underwriting discipline as Q1 combined ratio was 86
• Positive Sentiment: Investment income and casualty growth helped offset underwriting pressure, providing some offset to underwriting volatility and supporting near-term profitability. RLI Q1 Earnings Miss Estimates, Investment Income Increases Y/Y
• Neutral Sentiment: A++ financial-strength upgrade — an upgrade was announced, which is positive for franchise strength, but analysts flag it raises questions about future earnings growth and current valuation compression. Investors are debating whether the rating justifies the stock's multiple. RLI’s A++ Upgrade Raises Questions On Earnings Outlook And Valuation
• Neutral Sentiment: Revenue and growth picture is mixed — RLI posted ~3% top-line growth in Q1, signaling modest premium growth but not a clear acceleration. Analysts’ price targets remain dispersed. RLI Corp reports 3% top-line growth for Q1’26
• Negative Sentiment: Mixed earnings beat/miss and revenues below expectations — headline EPS was roughly in line or slightly below some consensus figures and reported revenue came in under analyst estimates, prompting near-term disappointment. RLI Corp. Q1 Earnings Lag Estimates RLI Reports Sales Below Analyst Estimates In Q1 CY2026 Earnings
• Negative Sentiment: Catastrophe and competitive pressures — management cited catastrophe-related losses and a competitive rate environment that compressed underwriting margins in parts of the portfolio, adding near-term uncertainty to earnings cadence. RLI Q1 deep dive: Competitive market pressures and rate discipline shape results

RLI Stock Down 3.9%

NYSE:RLI opened at $52.79 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 12.33 and a beta of 0.52. RLI Corp. has a one year low of $52.73 and a one year high of $77.24. The stock has a 50-day simple moving average of $59.32 and a 200 day simple moving average of $60.98.

RLI (NYSE:RLI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. RLI had a return on equity of 17.72% and a net margin of 20.81%.The firm had revenue of $423.87 million for the quarter, compared to analysts' expectations of $564.47 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. RLI's revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that RLI Corp. will post 2.78 EPS for the current fiscal year.

RLI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 2nd. RLI's dividend payout ratio is currently 14.68%.

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.

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