Should I buy or sell RLI stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RLI in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RLI shares. View RLI analyst ratings or view top-rated stocks .

What is RLI's stock price target for 2024?

2 equities research analysts have issued twelve-month price objectives for RLI's stock. Their RLI share price targets range from $148.00 to $170.00. On average, they predict the company's share price to reach $157.67 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View analysts price targets for RLI or view top-rated stocks among Wall Street analysts .

How have RLI shares performed in 2023?

RLI's stock was trading at $131.27 on January 1st, 2023. Since then, RLI shares have increased by 3.5% and is now trading at $135.81. View the best growth stocks for 2023 here .

When is RLI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024. View our RLI earnings forecast .

How were RLI's earnings last quarter?

RLI Corp. (NYSE:RLI) issued its quarterly earnings results on Tuesday, October, 24th. The insurance provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.53. The insurance provider earned $331.69 million during the quarter, compared to analysts' expectations of $377.71 million. RLI had a trailing twelve-month return on equity of 17.75% and a net margin of 20.00%. During the same period in the previous year, the firm earned $0.50 earnings per share.

How often does RLI pay dividends? What is the dividend yield for RLI?

RLI declared a quarterly dividend on Wednesday, November 8th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.27 per share on Wednesday, December 20th. This represents a $1.08 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 29th. Read our dividend analysis for RLI .

Is RLI a good dividend stock?

RLI (NYSE:RLI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RLI will have a dividend payout ratio of 19.42% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for RLI .

What ETFs hold RLI's stock?

ETFs with the largest weight of RLI (NYSE:RLI) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP) , SPDR S&P Insurance ETF (KIE) , ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) , Invesco S&P MidCap 400 Pure Growth ETF (RFG) , ProShares Russell US Dividend Growers ETF (TMDV) , Invesco S&P MidCap Quality ETF (XMHQ) , Invesco S&P MidCap Momentum ETF (XMMO) and Fidelity U.S. Multifactor ETF (FLRG) .

What is Jonathan E. Michael's approval rating as RLI's CEO?

125 employees have rated RLI Chief Executive Officer Jonathan E. Michael on Glassdoor.com . Jonathan E. Michael has an approval rating of 99% among the company's employees. This puts Jonathan E. Michael in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of RLI own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RLI investors own include Aflac (AFL) , Johnson & Johnson (JNJ) , PepsiCo (PEP) , Sherwin-Williams (SHW) , AT&T (T) , Medtronic (MDT) , Pfizer (PFE) , Roper Technologies (ROP) , A. O. Smith (AOS) and Becton, Dickinson and Company (BDX) .

Who are RLI's major shareholders?

RLI's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.51%), Morgan Stanley (2.48%), JPMorgan Chase & Co. (2.37%), Invesco Ltd. (1.49%), Van Berkom & Associates Inc. (1.15%) and Bank of New York Mellon Corp (0.89%). Insiders that own company stock include Jordan W Graham , Michael E Angelina and Michael J Stone . View institutional ownership trends .

How do I buy shares of RLI?

Shares of RLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does RLI have any subsidiaries?

The following companies are subsidiares of RLI: Amphenol (Ningde) Electronics Co. Ltd. Read More

RLI Stock Price, News & Analysis (NYSE:RLI)

$135.81

-3.84 (-2.75%)

(As of 11/28/2023 ET)

Compare

Today's Range: $135.71
▼
$139.85
50-Day Range: $129.10
▼
$140.23
52-Week Range: $123.04
▼
$149.65

Volume: 123,455 shs
Average Volume: 221,796 shs
Market Capitalization: $6.20 billion

P/E Ratio: 21.69
Dividend Yield: 0.80%
Price Target: $157.67

RLI MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.1% Upside
$157.67 Price Target
Short Interest: Healthy
1.79% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.46
Upright™ Environmental Score
News Sentiment: 0.53
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.83%
From $4.80 to $5.56 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Finance Sector

287th out of 867 stocks

Fire, Marine, & Casualty Insurance Industry

16th out of 50 stocks

2.3

Analyst's Opinion

Consensus Rating
RLI has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $157.67, RLI has a forecasted upside of 16.1% from its current price of $135.81.
Amount of Analyst Coverage
RLI has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.79% of the float of RLI has been sold short.
Short Interest Ratio / Days to Cover
RLI has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in RLI has recently decreased by 3.55%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
RLI has a dividend yield of 0.78%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
RLI has been increasing its dividend for 49 years.
Dividend Coverage
The dividend payout ratio of RLI is 17.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, RLI will have a dividend payout ratio of 19.42% next year. This indicates that RLI will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
RLI has received a -18.30% net impact score from Upright. Rli uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Equality & human rights". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Management liability insurance", "Home insurance services for individuals", and "Real estate insurance for businesses" products. See details.
Environmental Sustainability
The Environmental Impact score for RLI is -0.46.

2.0

News and Social Media Coverage

News Sentiment
RLI has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for RLI this week, compared to 7 articles on an average week.
Search Interest
Only 1 people have searched for RLI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
2 people have added RLI to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RLI insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.00% of the stock of RLI is held by insiders.
Percentage Held by Institutions
79.23% of the stock of RLI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for RLI are expected to grow by 15.83% in the coming year, from $4.80 to $5.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of RLI is 21.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of RLI is 21.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.38.
Price to Book Value per Share Ratio
RLI has a P/B Ratio of 5.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About RLI Stock (NYSE:RLI)

RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and healthcare liability and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also underwrites various reinsurance coverages. It markets its products through branch offices, brokers, carrier partners, and underwriting and independent agents. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

RLI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RLI Stock News Headlines

November 20, 2023 | marketbeat.com

Germany pledges to invest 4 billion euros in green energy projects in Africa

The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030

November 16, 2023 | marketbeat.com

German railway runs much-reduced schedule as drivers' union stages a 20-hour strike

Germany’s national railway operator is running a drastically reduced schedule after a union called a 20-hour strike aimed at increasing the pressure in a bitter dispute over pay and working hours

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 5, 2023 | marketbeat.com

German police say a hostage situation that shut down Hamburg airport is over, with a man arrested and his daughter safe

November 24, 2023 | finance.yahoo.com

Reasons Why Investors Should Consider Buying RLI Stock Now

November 24, 2023 | finance.yahoo.com

There's A Lot To Like About RLI's (NYSE:RLI) Upcoming US$2.27 Dividend

November 14, 2023 | financialpost.com

Pitch unlocks the future of visual business with new AI generator

November 13, 2023 | finance.yahoo.com

Clark Kellogg Appointed to RLI Board of Directors

November 29, 2023 | RYSE INC. (Ad)

Secure your stake in the Smart Home industry.

Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.

November 8, 2023 | msn.com

RLI declares $0.27 dividend,& special cash dividend of $2.00 per share

November 8, 2023 | morningstar.com

RLI Corp RLI

November 1, 2023 | finance.yahoo.com

RLI Names Phil Brodeur as Vice President, Risk Services

October 27, 2023 | msn.com

RBC Capital Maintains RLI (RLI) Sector Perform Recommendation

October 25, 2023 | prnewswire.com

EISAI PRESENTS NEW LEQEMBI® (LECANEMAB-IRMB) INVESTIGATIONAL SUBCUTANEOUS FORMULATION INTERIM STUDY RESULTS AND CLINICAL IMPROVEMENT DATA IN EARLIER STAGES OF EARLY ALZHEIMER'S DISEASE FROM ADDITIONAL ANALYSES OF CLARITY AD AT THE CLINICAL TRIALS ON ALZHEIMER'S DISEASE (CTAD) CONFERENCE

October 25, 2023 | finance.yahoo.com

RLI Corp. (NYSE:RLI) Q3 2023 Earnings Call Transcript

October 25, 2023 | finance.yahoo.com

Q3 2023 Rli Corp Earnings Call

October 24, 2023 | finance.yahoo.com

RLI Corp. (RLI) Reports Q3 Earnings: What Key Metrics Have to Say

October 23, 2023 | msn.com

RLI Corp. (RLI) Q3 Earnings Surpass Estimates

October 23, 2023 | msn.com

RLI Non-GAAP EPS of $0.61 beats by $0.56, revenue of $331.69M misses by $43.78M

October 23, 2023 | finance.yahoo.com

RLI Reports Third Quarter 2023 Results

October 23, 2023 | finance.yahoo.com

RLI Corp (RLI) Reports Q3 2023 Earnings, Operating Earnings Increase Despite Hawaiian Wildfires ...

October 22, 2023 | markets.businessinsider.com

RLI earnings: here's what Wall Street expects

October 20, 2023 | benzinga.com

RLI's Earnings: A Preview

October 18, 2023 | reuters.com

Insurers beware: no guaranteed privilege in legal correspondence

October 17, 2023 | finance.yahoo.com

RLI Stock Rises 21.4% in the Past Year: Will the Rally Last?

October 13, 2023 | msn.com

New team at Morecambe Bay hospitals is a safety net for extremely sick patients

October 6, 2023 | finance.yahoo.com

RLI's (NYSE:RLI) investors will be pleased with their impressive 123% return over the last five years

See More Headlines

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Company Calendar

Ex-Dividend for 9/20 Dividend: 8/30/2023
Dividend Payable: 9/20/2023
Last Earnings: 10/24/2023
Today: 11/28/2023
Ex-Dividend for 12/20 Dividend: 11/29/2023
Dividend Payable: 12/20/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/24/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:RLI
CUSIP: 74960710
CIK: 84246
Web: www.rlicorp.com
Phone: (309) 692-1000
Fax: 309-692-1068
Employees: 1,001
Year Founded: 1965

Price Target and Rating

Average Stock Price Target: $157.67
High Stock Price Target: $170.00
Low Stock Price Target: $148.00
Potential Upside/Downside: +16.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.26
Trailing P/E Ratio: 21.69
Forward P/E Ratio: 28.29
P/E Growth: N/A
Net Income: $583.41 million
Net Margins: 20.00%
Pretax Margin: 24.17%
Return on Equity: 17.75%
Return on Assets: 4.61%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.38
Quick Ratio: 0.38

Sales & Book Value

Annual Sales: $1.70 billion
Price / Sales: 3.65
Cash Flow: $4.83 per share
Price / Cash Flow: 28.12
Book Value: $25.94 per share
Price / Book: 5.24

Miscellaneous

Outstanding Shares: 45,630,000
Free Float: 43,345,000
Market Cap: $6.20 billion
Optionable: Optionable
Beta: 0.39

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Key Executives

Mr. Craig William Kliethermes CPCU (Age 58)
FCAS, President, CEO & Director
Comp: $3.24M
Mr. Todd Wayne Bryant CPA (Age 54)
CPCU, Chief Financial Officer
Comp: $1.55M
Mr. Aaron Paul Diefenthaler CFA (Age 49)
Chief Investment Officer & Treasurer
Comp: $907.25k
Mr. Jeffrey Dean Fick (Age 62)
Chief Legal Officer & Corporate Secretary
Comp: $716.52k
Ms. Jennifer Leigh Klobnak (Age 50)
Chief Operating Officer
Comp: $1.92M
Ms. Kathleen Ann Taylor
Vice President of Accounting & Branch Operations
Mr. Bryan Todd Fowler
Chief Information Officer
Ms. Lisa T. Gates
Vice President of Marketing & Communications
Ms. Kathleen Marie Kappes
Vice President of Human Resources
Mr. Paul J. Simoneau
Senior Vice President of E&S Lines

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RLI Stock Analysis - Frequently Asked Questions

Should I buy or sell RLI stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RLI in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RLI shares.
View RLI analyst ratings or view top-rated stocks.
What is RLI's stock price target for 2024?: 2 equities research analysts have issued twelve-month price objectives for RLI's stock. Their RLI share price targets range from $148.00 to $170.00. On average, they predict the company's share price to reach $157.67 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for RLI or view top-rated stocks among Wall Street analysts.
How have RLI shares performed in 2023?: RLI's stock was trading at $131.27 on January 1st, 2023. Since then, RLI shares have increased by 3.5% and is now trading at $135.81.
View the best growth stocks for 2023 here.
When is RLI's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our RLI earnings forecast.
How were RLI's earnings last quarter?: RLI Corp. (NYSE:RLI) issued its quarterly earnings results on Tuesday, October, 24th. The insurance provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.53. The insurance provider earned $331.69 million during the quarter, compared to analysts' expectations of $377.71 million. RLI had a trailing twelve-month return on equity of 17.75% and a net margin of 20.00%. During the same period in the previous year, the firm earned $0.50 earnings per share.
How often does RLI pay dividends? What is the dividend yield for RLI?: RLI declared a quarterly dividend on Wednesday, November 8th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.27 per share on Wednesday, December 20th. This represents a $1.08 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for RLI.
Is RLI a good dividend stock?: RLI (NYSE:RLI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RLI will have a dividend payout ratio of 19.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RLI.

What ETFs hold RLI's stock?: ETFs with the largest weight of RLI (NYSE:RLI) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), SPDR S&P Insurance ETF (KIE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), ProShares Russell US Dividend Growers ETF (TMDV), Invesco S&P MidCap Quality ETF (XMHQ), Invesco S&P MidCap Momentum ETF (XMMO) and Fidelity U.S. Multifactor ETF (FLRG).
What is Jonathan E. Michael's approval rating as RLI's CEO?: 125 employees have rated RLI Chief Executive Officer Jonathan E. Michael on Glassdoor.com. Jonathan E. Michael has an approval rating of 99% among the company's employees. This puts Jonathan E. Michael in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of RLI own?: Based on aggregate information from My MarketBeat watchlists, some companies that other RLI investors own include Aflac (AFL), Johnson & Johnson (JNJ), PepsiCo (PEP), Sherwin-Williams (SHW), AT&T (T), Medtronic (MDT), Pfizer (PFE), Roper Technologies (ROP), A. O. Smith (AOS) and Becton, Dickinson and Company (BDX).
Who are RLI's major shareholders?: RLI's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.51%), Morgan Stanley (2.48%), JPMorgan Chase & Co. (2.37%), Invesco Ltd. (1.49%), Van Berkom & Associates Inc. (1.15%) and Bank of New York Mellon Corp (0.89%). Insiders that own company stock include Jordan W Graham, Michael E Angelina and Michael J Stone.
View institutional ownership trends.
How do I buy shares of RLI?: Shares of RLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does RLI have any subsidiaries?: The following companies are subsidiares of RLI: Amphenol (Ningde) Electronics Co. Ltd.
Read More

This page (NYSE:RLI) was last updated on 11/29/2023 by MarketBeat.com Staff

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