RLI Corp
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]
15% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 34
7% more capital invested
Capital invested by funds: $5.36B [Q2] → $5.73B (+$371M) [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
0% more funds holding
Funds holding: 393 [Q2] → 394 (+1) [Q3]
2.5% less ownership
Funds ownership: 83.26% [Q2] → 80.76% (-2.5%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 64% 1-year accuracy 68 / 106 met price target | 29%upside $100 | Outperform Maintained | 10 Jan 2025 |
Compass Point Casey Alexander 75% 1-year accuracy 12 / 16 met price target | 19%upside $93 | Buy Maintained | 25 Oct 2024 |
RBC Capital Scott Heleniak 79% 1-year accuracy 42 / 53 met price target | 6%upside $83 | Sector Perform Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 5 articles about RLI published over the past 30 days
