RBC Capital Reiterates Sector Perform on RLI, Maintains $155 Price Target
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RBC Capital analyst Scott Heleniak reiterates RLI (NYSE:RLI) with a Sector Perform and maintains $155 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | Perform | Oppenheimer | |
| 10/9/2024 | $182.00 | Outperform | Wolfe Research |
| 9/7/2023 | $155.00 | Buy | Jefferies |
| 6/7/2022 | Mkt Perform | Raymond James | |
| 2/22/2022 | $117.00 | Neutral → Buy | Compass Point |
| 10/22/2021 | $110.00 → $112.00 | Sector Perform | RBC Capital |
| 10/19/2021 | $109.00 → $120.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 9/30/2021 | $115.00 → $110.00 | Sector Perform | RBC Capital |
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split. Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-sp
RLI Corp. (NYSE:RLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023. Third Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 2.06 $ 0.29 $ 6.60 $ 4.12 Operating earnings (1) $ 1.31 $ 0.6
RLI Corp. (NYSE:RLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available. "Our thoughts are with everyone impacted by these devastating storms," RLI Corp. President & CEO Craig Kliethermes. "Following these events, our claim team has responded rapidly to assess the widespread damage and is helping affected policyholders recover as quickly as possible. We remain dedicated to providing superi
4 - RLI CORP (0000084246) (Issuer)
4 - RLI CORP (0000084246) (Issuer)
4 - RLI CORP (0000084246) (Issuer)
RBC Capital analyst Scott Heleniak reiterates RLI (NYSE:RLI) with a Sector Perform and maintains $155 price target.
RLI (NYSE:RLI) underwent analysis by 3 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $167.67, a high estimate of $170.00, and a low estimate of $165.00. Experiencing a 1.95% decline, the current average is now lower than th
Compass Point analyst Casey Alexander maintains RLI (NYSE:RLI) with a Buy and lowers the price target from $175 to $170.
SC 13G/A - RLI CORP (0000084246) (Subject)
SC 13G/A - RLI CORP (0000084246) (Subject)
SC 13G/A - RLI CORP (0000084246) (Subject)
8-K - RLI CORP (0000084246) (Filer)
8-K - RLI CORP (0000084246) (Filer)
8-K - RLI CORP (0000084246) (Filer)
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company's established succession plan. Michael, who retired as the Company's Chief Executive Officer in 2021, has more than 40 years of service with RLI. During Michael's 20-year tenure as CEO, the company significantly diversified its product portfolio, while delivering consistent top line growth and achieving 20 consecutive years of underwriting profit. The Board elected David B. Duclos to serve as Non-Executive Chairman upon Michael's retirement from the Board
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022. These leadership changes will coincide with the planned retirement of current company Chairman & CEO Jonathan E. Michael at the end of 2021. Kliethermes has served as President and COO since 2016. Previously, he served as Senior Vice President, Risk Services since 2013. Kliethermes joined RLI in 2006 and has 36 years of insurance industry experience. Prior to joining RLI, he served in various actuarial and leadership roles with Lockton Companies,
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split. Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-sp
RLI Corp. (NYSE:RLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023. Third Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 2.06 $ 0.29 $ 6.60 $ 4.12 Operating earnings (1) $ 1.31 $ 0.6
RLI Corp. (NYSE:RLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available. "Our thoughts are with everyone impacted by these devastating storms," RLI Corp. President & CEO Craig Kliethermes. "Following these events, our claim team has responded rapidly to assess the widespread damage and is helping affected policyholders recover as quickly as possible. We remain dedicated to providing superi
Oppenheimer initiated coverage of RLI Corp with a rating of Perform
Wolfe Research initiated coverage of RLI Corp with a rating of Outperform and set a new price target of $182.00
Jefferies initiated coverage of RLI Corp with a rating of Buy and set a new price target of $155.00