RLI (RLI) Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "moderate buy" RLI shares.
View RLI analyst ratings or view top-rated stocks.

2 analysts have issued 1-year target prices for RLI's stock. Their RLI share price forecasts range from $151.00 to $170.00. On average, they expect the company's share price to reach $158.67 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for RLI or view top-rated stocks among Wall Street analysts.

RLI's stock was trading at $131.27 at the beginning of 2023. Since then, RLI shares have increased by 6.6% and is now trading at $139.98.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our RLI earnings forecast.

RLI Corp. (NYSE:RLI) released its quarterly earnings results on Monday, July, 24th. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by $0.03. The insurance provider had revenue of $381.86 million for the quarter, compared to analysts' expectations of $358.35 million. RLI had a net margin of 36.31% and a trailing twelve-month return on equity of 16.97%. During the same period in the prior year, the business posted $1.49 EPS.

RLI declared a quarterly dividend on Thursday, August 10th. Investors of record on Thursday, August 31st will be given a dividend of $0.27 per share on Wednesday, September 20th. This represents a $1.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for RLI.

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).

RLI (NYSE:RLI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.77%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RLI will have a dividend payout ratio of 19.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RLI.

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.

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).

RLI trades on the New York Stock Exchange (NYSE) under the ticker symbol "RLI."

RLI's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (9.25%), BlackRock Inc. (7.66%), Kayne Anderson Rudnick Investment Management LLC (5.61%), JPMorgan Chase & Co. (2.35%), Dimensional Fund Advisors LP (1.93%) and Alliancebernstein L.P. (1.90%). Insiders that own company stock include Jordan W Graham, Michael E Angelina and Michael J Stone.
View institutional ownership trends.

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.
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One share of RLI stock can currently be purchased for approximately $139.98.

RLI (NYSE:RLI) has a market capitalization of $6.38 billion and generates $1.70 billion in revenue each year. The insurance provider earns $583.41 million in net income (profit) each year or $15.58 on an earnings per share basis.

The company employs 1,001 workers across the globe.

RLI's mailing address is 9025 N LINDBERGH DR, PEORIA IL, 61615. The official website for the company is www.rlicorp.com. The insurance provider can be reached via phone at (309) 692-1000, via email at aaron.diefenthaler@rlicorp.com, or via fax at 309-692-1068.