RLI Corp (RLI)

• Market cap: $7.63B
• 1 day: 0.88%
• 5 days: -2.83%
• 1 month: -5.34%
• 3 months: 9.17%
• 6 months: 16.97%
• Year to date: 23.28%
• 1 year: 27.62%
• 5 years: 82.11%
• 10 years: 243.67%
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

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 Q3 regulatory filings by fund managers ($100M+ AUM)

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

7% more capital invested

Capital invested by funds: $5.25B [Q2] → $5.61B (+$369M) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 137

8% more call options, than puts

Call options by funds: $3.7M | Put options by funds: $3.43M

3% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 38

0% more funds holding

Funds holding: 393 [Q2] → 394 (+1) [Q3]

2.38% less ownership

Funds ownership: 81.55% [Q2] → 79.17% (-2.38%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $165 1% downside
• Avg. target: $178 7% upside
• High target: $185 11% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Compass Point Casey Alexander 60% 1-year accuracy 9 / 15 met price target	11% upside $185	Buy Maintained	25 Oct 2024
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target	1% downside $165	Sector Perform Maintained	23 Oct 2024
Jefferies Andrew Andersen 100% 1-year accuracy 4 / 4 met price target	8% upside $180	Buy Maintained	9 Oct 2024
Wolfe Research Bill Carcache 100% 1-year accuracy 7 / 7 met price target	9% upside $182	Outperform Initiated	9 Oct 2024