RLI CorpRLI
Market Cap: $6.93B
About: RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include Casualty, Property, and Surety and it derives a majority of its revenue from the Casualty segment.
Employees: 1,099
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
86% more call options, than puts
Call options by funds: $1.7M | Put options by funds: $914K
60% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 35
27% more repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 115
6% more funds holding
Funds holding: 370 [Q1] → 391 (+21) [Q2]
0.17% more ownership
Funds ownership: 79.9% [Q1] → 80.07% (+0.17%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
5% less capital invested
Capital invested by funds: $5.42B [Q1] → $5.15B (-$265M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target | 16%upside $175 | Outperform Maintained | 29 Jul 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 2%upside $155 | Sector Perform Reiterated | 24 Jul 2024 |
Compass Point Casey Alexander 62% 1-year accuracy 8 / 13 met price target | 12%upside $170 | Buy Maintained | 24 Jul 2024 |
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target | 11%upside $168 | Outperform Maintained | 21 Jun 2024 |
Jefferies Andrew Andersen 100% 1-year accuracy 2 / 2 met price target | 9%upside $165 | Buy Maintained | 14 Jun 2024 |
Financial journalist opinion
Based on 8 articles about RLI published over the past 30 days