Chase Investment Counsel Corp Invests $1.54 Million in RLI Corp. $RLI

Chase Investment Counsel Corp bought a new stake in RLI Corp. (NYSE:RLI) during the fourth quarter, HoldingsChannel reports. The fund bought 24,000 shares of the insurance provider’s stock, valued at approximately $1,535,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Chatham Capital Group Inc. increased its stake in RLI by 0.7% in the fourth quarter. Chatham Capital Group Inc. now owns 26,460 shares of the insurance provider’s stock valued at $1,693,000 after acquiring an additional 180 shares during the last quarter. Allworth Financial LP increased its stake in RLI by 5.3% in the third quarter. Allworth Financial LP now owns 3,760 shares of the insurance provider’s stock valued at $245,000 after acquiring an additional 189 shares during the last quarter. Farther Finance Advisors LLC increased its stake in RLI by 94.4% in the fourth quarter. Farther Finance Advisors LLC now owns 414 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 201 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in RLI by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 75,502 shares of the insurance provider’s stock valued at $4,924,000 after acquiring an additional 207 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in RLI by 4.0% in the fourth quarter. OLD National Bancorp IN now owns 5,819 shares of the insurance provider’s stock valued at $372,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 77.89% of the company’s stock.

Key Headlines Impacting RLI

Here are the key news stories impacting RLI this week:

• Positive Sentiment: RLI announced a $2.00 special dividend, boosting near-term shareholder returns and reinforcing its capital strength. RLI Boosts Shareholder Value With Dividends, Approves Buyback Program
• Positive Sentiment: The board raised the quarterly dividend by 12.5% to $0.18 per share, which should support investor sentiment around ongoing cash generation. RLI Declares Regular and Special Dividends and Authorizes New $250 Million Share Repurchase Program
• Positive Sentiment: RLI also authorized a new $250 million share buyback program, which could support earnings per share and reduce share count over time. RLI Boosts Dividend and Authorizes New Share Repurchase
• Neutral Sentiment: Zacks Research modestly increased its Q4 2027 EPS estimate to $0.62, suggesting only a slight improvement in long-term expectations. RLI stock page
• Neutral Sentiment: The same firm cut its Q4 2026 EPS estimate to $0.64 and lowered FY2027 EPS to $2.66, indicating some caution on medium-term earnings growth. RLI stock page
• Neutral Sentiment: Brokerage sentiment remains largely unchanged, with analysts maintaining an overall “Hold” view on the stock. RLI Corp. (NYSE:RLI) Given Average Recommendation of “Hold” by Brokerages

RLI Stock Up 0.1%

NYSE RLI opened at $50.88 on Monday. The company has a 50-day simple moving average of $56.32 and a two-hundred day simple moving average of $59.85. RLI Corp. has a 12-month low of $47.26 and a 12-month high of $77.24. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 11.89 and a beta of 0.42.

RLI (NYSE:RLI) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. RLI had a net margin of 20.81% and a return on equity of 17.72%. The business had revenue of $423.87 million during the quarter, compared to analyst estimates of $564.47 million. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities analysts expect that RLI Corp. will post 2.7 earnings per share for the current fiscal year.

RLI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, May 29th. This is a positive change from RLI’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.4%. RLI’s dividend payout ratio (DPR) is currently 14.95%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research raised RLI from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods raised RLI from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Jefferies Financial Group raised RLI from an “underperform” rating to a “hold” rating and set a $52.00 target price on the stock in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of RLI in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company reduced their target price on RLI from $59.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, RLI currently has a consensus rating of “Hold” and a consensus price target of $61.50.

RLI Company Profile

RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.

Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.