Will earnings report, end it’s winning streak? RLI (NYSE:RLI)

Earnings results for RLI (NYSE:RLI)

RLI Corp. is expected* to report earnings on 01/27/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.56. The reported EPS for the same quarter last year was $0.63.

RLI last issued its quarterly earnings results on October 21st, 2020. The insurance provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.52. The firm earned $233.17 million during the quarter, compared to the consensus estimate of $236.28 million. RLI has generated $2.57 earnings per share over the last year and currently has a price-to-earnings ratio of 36.7. RLI has confirmed that its next quarterly earnings report will be published on Wednesday, January 27th, 2021.

Analyst Opinion on RLI (NYSE:RLI)

4 Wall Street analysts have issued ratings and price targets for RLI in the last 12 months. Their average twelve-month price target is $101.00, predicting that the stock has a possible downside of 1.24%. The high price target for RLI is $120.00 and the low price target for RLI is $85.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

RLI has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $101.00, RLI has a forecasted downside of 1.2% from its current price of $102.27. RLI has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: RLI (NYSE:RLI)

RLI has a dividend yield of 0.93%, which is in the bottom 25% of all stocks that pay dividends. RLI has been increasing its dividend for 24 years. The dividend payout ratio of RLI is 37.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RLI will have a dividend payout ratio of 36.23% next year. This indicates that RLI will be able to sustain or increase its dividend.

Insiders buying/selling: RLI (NYSE:RLI)

In the past three months, RLI insiders have not sold or bought any company stock. Only 5.06% of the stock of RLI is held by insiders. 84.37% of the stock of RLI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of RLI (NYSE:RLI

Earnings for RLI are expected to grow by 8.16% in the coming year, from $2.45 to $2.65 per share. The P/E ratio of RLI is 36.66, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.17. The P/E ratio of RLI is 36.66, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.03. RLI has a P/B Ratio of 4.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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