RLI (RLI) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RLI in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RLI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RLI, but not buy additional shares or sell existing shares.
View RLI analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1 year target prices for RLI's stock. Their RLI share price forecasts range from $150.00 to $151.00. On average, they expect the company's stock price to reach $150.50 in the next year. This suggests a possible upside of 17.7% 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 on January 1st, 2023. Since then, RLI stock has decreased by 2.6% and is now trading at $127.85.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our RLI earnings forecast.

RLI Corp. (NYSE:RLI) issued its earnings results on Thursday, April, 20th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.42. The insurance provider earned $364.92 million during the quarter, compared to analyst estimates of $340.12 million. RLI had a trailing twelve-month return on equity of 19.18% and a net margin of 35.28%. The firm's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS.

RLI declared a quarterly dividend on Thursday, May 4th. Investors of record on Wednesday, May 31st will be given a dividend of $0.27 per share on Tuesday, June 20th. This represents a $1.08 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, May 30th. This is an increase from the stock's previous quarterly dividend of $0.26.
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), Invesco DWA Financial Momentum ETF (PFI), ProShares Russell US Dividend Growers ETF (TMDV), Invesco S&P MidCap Low Volatility ETF (XMLV) and Invesco S&P MidCap Momentum ETF (XMMO).

RLI (NYSE:RLI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.85%. 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 7.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RLI will have a dividend payout ratio of 22.83% 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 (BDX).

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

RLI's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.31%), State Street Corp (10.04%), Kayne Anderson Rudnick Investment Management LLC (6.29%), Neuberger Berman Group LLC (3.09%), JPMorgan Chase & Co. (2.58%) and Geode Capital Management LLC (2.10%). Insiders that own company stock include Jordan W Graham, Michael E Angelina and Michael J Stone.
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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 $127.85.

RLI (NYSE:RLI) has a market capitalization of $5.82 billion and generates $1.80 billion in revenue each year. The insurance provider earns $583.41 million in net income (profit) each year or $13.84 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.