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 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
63% more first-time investments, than exits
New positions opened: 57 | 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] → 392 (+22) [Q2]
0.18% more ownership
Funds ownership: 79.9% [Q1] → 80.08% (+0.18%) [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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Jefferies Andrew Andersen 100% 1-year accuracy 2 / 2 met price target | 15%upside $180 | Buy Maintained | 9 Oct 2024 |
Wolfe Research Bill Carcache 100% 1-year accuracy 7 / 7 met price target | 16%upside $182 | Outperform Initiated | 9 Oct 2024 |
RBC Capital Scott Heleniak 98% 1-year accuracy 45 / 46 met price target | 3%upside $162 | Sector Perform Reiterated | 8 Oct 2024 |
Keefe, Bruyette & Woods Meyer Shields 73% 1-year accuracy 47 / 64 met price target | 12%upside $175 | Outperform Maintained | 29 Jul 2024 |
RBC Capital Scott Heleniak 98% 1-year accuracy 45 / 46 met price target | 1%downside $155 | Sector Perform Reiterated | 24 Jul 2024 |
Financial journalist opinion
Based on 9 articles about RLI published over the past 30 days
