Dernières nouvelles pour RLI (NYSE:RLI) Stock

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.

RLI Corp

News

Dividends

RLI Declares $4.00/Share Special Cash Dividend

Stock Split

RLI Announces 2-For-1 Stock Split

Compass Point analyst Casey Alexander maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Buy and raises the price target from $170 to $185.

Price Target

Analyst Ratings

Compass Point Maintains Buy on RLI, Raises Price Target to $185

RBC Capital analyst Scott Heleniak maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Sector Perform and raises the price target from $162 to $165.

RBC Capital Maintains Sector Perform on RLI, Raises Price Target to $165

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to report quarterly earnings at $2.43 per share on revenue of $44.59 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. GM shares gained 0.8% to $49.31 in after-hours trading.</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) reported better-than-expected financial results for the third quarter on Monday. Zions Bancorporation shares gained 3.2% to $51.00 in the after-hours trading session.</li>
<li>Analysts are expecting Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) to post quarterly earnings at $1.18 per share on revenue of $33.43 billion. The company will release earnings before the markets open. Verizon shares gained 0.4% to $43.86 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported stronger-than-expected earnings and sales results for the third quarter on Monday. The company reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 98 cents per share. The company reported quarterly sales of $401.544 million which beat the analyst consensus estimate of $389.487 million. RLI shares gained 1.2% to $164.00 in the after-hours trading session.</li>
<li>Analysts expect Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) to report quarterly earnings at $6.50 cents per share on revenue of $17.35 billion before the opening bell. Lockheed Martin shares rose 0.3% to $616.50 in after-hours trading.</li>
</ul>
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Photo courtesy: Shutterstock

Earnings

Equities

Pre-Market Outlook

Markets

Trading Ideas

ZION

General Motors, Verizon And 3 Stocks To Watch Heading Into Tuesday

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $0.98 by 33.67 percent. This is a 114.75 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $401.544 million which beat the analyst consensus estimate of $389.487 million by 3.10 percent. This is a 19.96 percent increase over sales of $334.724 million the same period last year.

Earnings Beats

RLI Q3 2024 Adj. EPS $1.31 Beats $0.98 Estimate, Sales $401.544M Beat $389.487M Estimate

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-21. Here's what investors need to know before the announcement.
Analysts estimate that RLI will report an earnings per share (EPS) of $0.99. 
Investors in RLI are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
The company's EPS beat by $0.38 in the last quarter, leading to a 2.95% increase in the share price on the following day.
Here's a look at RLI's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.34</td>
<td>1.60</td>
<td>1.49</td>
<td>0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.72</td>
<td>1.89</td>
<td>1.54</td>
<td>0.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>3.0%</td>
<td>-4.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729275942_0.png" alt="eps graph" />
<h3>Performance of RLI Shares</h3>
Shares of RLI were trading at $164.21 as of October 17. Over the last 52-week period, shares are up 26.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLI/earnings">To track all earnings releases for RLI visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RLI's Earnings: A Preview

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect RLI to report an earnings per share (EPS) of $0.99.
The market awaits RLI's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.38 in the last quarter, leading to a 2.95% increase in the share price on the following day.

<img src="https://www.benzinga.com/files/images/story/2024/1729267282_0.png" alt="eps graph" />
<h3>Performance of RLI Shares</h3>
Shares of RLI were trading at $164.21 as of October 17. Over the last 52-week period, shares are up 26.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLI/earnings">To track all earnings releases for RLI visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: RLI's Earnings Outlook

Investors are always looking for stocks that are poised to beat at earnings season and RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because RLI is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings &mdash; with the most up-to-date information possible &mdash; is a pretty good indicator of some favorable trends underneath the surface for RLI in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.10 per share for RLI, compared to a broader Zacks Consensus Estimate of 94 cents per share. This suggests that analysts have very recently bumped up their estimates for RLI, giving the stock a Zacks Earnings ESP of +17.65% heading into earnings season.
<div class="chart_embed">
<h3>RLI Corp. Price and EPS Surprise</h3>
<img alt="RLI Corp. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/87/1729168440.png" style="height:266px; width:620px" title="" />
RLI Corp. price-eps-surprise | RLI Corp. Quote
</div>
<h2>Why is this Important?</h2>
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns.
Given that RLI has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
Clearly, recent earnings estimate revisions suggest that good things are ahead for RLI, and that a beat might be in the cards for the upcoming report.
<a href="https://www.zacks.com/stock/news/2352196/why-rli-might-surprise-this-earnings-season?cid=CS-BENZ-FT-tale_of_the_tape|earnings_surprise-2352196">To read this article on Zacks.com click here.</a>

Mid Cap

Insurance

Why RLI Might Surprise This Earnings Season

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6228915026d7930001218ee4/matt-farrell">Piper Sandler analyst Matt Farrell</a> initiated coverage on The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Neutral rating and announced a price target of $95. Disney shares closed at $94.22 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/dis/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock</a>.</li>
<li>Stephens &amp; Co. analyst Charles Nabhan initiated coverage on Paycor HCM, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) with an Overweight rating and announced a price target of $18. Paycor HCM shares closed at $13.75 on Tuesday. <a href="https://www.benzinga.com/quote/PYCR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Michael Phillips initiated coverage on RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Perform rating. RLI shares closed at $160.24 on Tuesday. <a href="https://www.benzinga.com/quote/RLI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Michael Turrin initiated coverage on Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with an Overweight rating and announced a price target of $340. Autodesk shares closed at $286.48 on Tuesday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets analyst Mike Grondahl initiated coverage on MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) with an Outperform rating and announced a price target of $60. MoneyLion shares closed at $44.60 on Tuesday. <a href="https://www.benzinga.com/quote/ML/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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</ul>

Initiation

ADSK

PYCR

This Autodesk Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Oppenheimer analyst Michael Phillips initiates coverage on RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Perform rating.

Oppenheimer Initiates Coverage On RLI with Perform Rating

Jefferies analyst Andrew Andersen maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Buy and raises the price target from $165 to $180.

Jefferies Maintains Buy on RLI, Raises Price Target to $180

Wolfe Research analyst Bill Carcache initiates coverage on RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Outperform rating and announces Price Target of $182.

Wolfe Research Initiates Coverage On RLI with Outperform Rating, Announces Price Target of $182

During the last three months, 4 analysts shared their evaluations of RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $165.5, along with a high estimate of $175.00 and a low estimate of $155.00. Surpassing the previous average price target of $165.25, the current average has increased by 0.15%.
<img src="https://www.benzinga.com/files/images/story/2024/1728406860_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive RLI is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$162.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$175.00</td>
<td>$169.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$155.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Lowers</td>
<td>Buy</td>
<td>$170.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to RLI. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of RLI compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of RLI's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of RLI's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RLI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on RLI analyst ratings.</a>
<h2>Delving into RLI's Background</h2>
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.
<h3>RLI: A Financial Overview</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, RLI showcased positive performance, achieving a revenue growth rate of 9.06% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: RLI's net margin excels beyond industry benchmarks, reaching 19.69%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): RLI's ROE stands out, surpassing industry averages. With an impressive ROE of 5.28%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): RLI's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.51% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: RLI's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.06.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For RLI

RBC Capital analyst Scott Heleniak reiterates RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Sector Perform and maintains $162 price target.

Reiteration

RBC Capital Reiterates Sector Perform on RLI, Maintains $162 Price Target

RLI Announces Hurricane Beryl And Hurricane Helene Loss; Estimates $35M-$40M

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

EVRG

GUNZ

JBHT

MKTX

OSIS

PLNT

PLTR

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

Shares of RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) closed at $151.38 on Friday, near its 52-week high of $155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum.
Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last four quarters, the average being 140.08%.
Shares of RLI have gained 13.7% in the year-to-date period compared with the industry&#39;s growth of 28.2%. The stock has outperformed the Zacks S&amp;P 500 composite&#39;s growth 13.3%.
<h2>RLI YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c4/76952.jpg?v=232627320" />
Image Source: Zacks Investment Research
<h2>Positive Analyst Sentiment Instills Confidence in RLI</h2>
Three of the four analysts covering the stock have raised estimates for 2024 and 2025 over the past 60 days. The Zacks Consensus Estimate for 2024 and 2025 increased 4.9% and 3.6%, respectively.
The consensus estimate for 2024 and 2025 earnings indicates an improvement of 24.2% and 2.6%, respectively. RLI has a Growth Score of B.
<h2>RLI&#39;s Favorable Return on Capital</h2>
Return on equity in the trailing 12 months was 18.3%, higher than the industry average of 7.9%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. Its return on invested capital has increased every year. This reflects RLI&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.6%, higher than the industry average of 6%.
<h2>Key Points to Note for RLI</h2>
Product diversification across the Casualty, Property and Surety segments of the company has fueled the insurer&#39;s growth and financial success. The Casualty segment continues to gain from an expanded distribution base in personal umbrella and rate increases.
The commercial property business has been gaining from higher wind and earthquake exposure rates. Rate increases, improved retention and new opportunities in the inland marine space should benefit marine products.
The Surety segment continues to benefit from its compelling product portfolio, growth within existing accounts and writing of bonds with new customers. 
Building materials inflation and new accounts will aid commercial and contract surety businesses in the future. RLI boasts solid operating results and its financial position remained strong. Operating cash flows are likely to gain from higher premium receipts.
The insurer has a sound capital structure, helping it meet the interests of its policyholders, enhance operations in the insurance sector and aid growth in its book value for the long term.
<h2>RLI&#39;s Impressive Dividend History</h2>
RLI has been paying dividends for 187 consecutive quarters and increased regular dividends in each of the last 48 years at an eight-year (2016-2023) CAGR of 3.9%. In addition, the insurer has been paying special dividends since 2011. Over the past five years, the insurer has returned $819 million to shareholders. RLI has $87.5 million of remaining capacity from the repurchase program.
<h2>RLI Shares Are Expensive</h2>
The stock is overvalued compared with its industry. It is currently trading at a price-to-book ratio of 4.37, higher than the industry average of 1.61.
However, shares of other players from the same space, like Axis Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>), CNA Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) and NMI Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), are trading at a discount to the industry average.
<h2>Conclusion</h2>
A strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity and effective capital deployment should continue to favor RLI over the long term. Coupled with favorable growth estimates and ROE, the time appears right for potential investors to bet on this Zacks Rank #2 (Buy) insurer.
<a href="https://www.zacks.com/stock/news/2333502/rli-stock-near-52-week-high-what-investors-should-know?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333502">To read this article on Zacks.com click here.</a>

Large Cap

Technicals

Small Cap

NMIH

RLI Stock Near 52-Week High: What Investors Should Know?

The Property and Casualty (P&amp;C) insurance space is set to benefit from better pricing, prudent underwriting, increased exposure, an improving rate environment and a solid capital position. With the ongoing economic expansion, insurers remain well-poised for growth.&nbsp;
The Zacks-defined Property &amp; Casualty Insurance Industry is currently in the top 24% of the Zacks Industry Rank. In the past year, the industry has provided 19.7% returns, while its year-to-date return is 19.5%. Since it is ranked in the top half of the Zacks Ranked Industries, we expect it to outperform the market over the next three to six months.
<h2>Future Catalysts</h2>
Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums. The P&amp;C insurance industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. Insurers continue to invest heavily in technology to improve basis points, scale and efficiencies.
Meanwhile, consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geographies. Deloitte estimates more mergers and acquisitions in the reinsurance space in 2024.
Finally, a massive rise in the market interest rate will raise the cost of funds, enabling financial companies to widen the spread between longer-term assets, such as loans, with shorter-term liabilities, thus boosting the financial sector&#39;s profit margin.
<h2>Our Top Picks</h2>
We have narrowed our search to five P&amp;C insurers with strong potential for the rest of 2024. These stocks have seen positive earnings estimates in the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy).
The chart below shows the price performance of our five picks in the past three months.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f0/74260.jpg?v=1709561596" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
Arch Capital Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgl#NASDAQ">ACGL</a>) boasts a strong product portfolio and has a solid track record of premium growth. Premiums should benefit from new business opportunities, rate increases, growth in existing accounts and growth in Australian single-premium mortgage insurance.&nbsp;
ACGL has also been diversifying its Mortgage Insurance business via strategic acquisitions that also complement the strength in the specialty insurance and reinsurance businesses. A solid capital position shields ACGL from market volatility. ACGL&#39;s growing Investment portfolio provides meaningful tailwinds to its bottom line. Strategic buyouts strengthen ACGL&#39;s portfolio and offer geographic diversification.&nbsp;
Arch Capital Group has an expected revenue and earnings growth rate of 15.1% and 5.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last seven days.
The Allstate Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/all#NYSE">ALL</a>) is witnessing consistent growth in premiums, thanks to strategic acquisitions and expanding ventures. Rate hikes to counter inflationary pressures on loss costs are expected to continue in ALL&#39;s auto insurance business for 2024.&nbsp;
ALL&#39;s focus on optimizing core operations has allowed it to redirect resources toward high-growth areas. The sale of ALL&#39;s Health &amp; Benefits division is expected to free up capital. Cost-saving initiatives are projected to boost profits. ALL&#39;s cash-generating abilities are crucial for returning capital to its shareholders.
The Allstate has an expected revenue and earnings growth rate of 9.6% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.5% in the last seven days.
The Progressive Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses. Focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for PGR&#39;s growth.&nbsp;
Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address their needs with new offerings should continue to drive policy life expectancy.
The Progressive has an expected revenue and earnings growth rate of 19.5% and 96.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.1% in the last 30 days.
RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) is one of the industry&#39;s most profitable property and casualty writers with an impressive track record of underwriting profits. A strong local branch office network, a broad range of product offerings, and a focus on specialty insurance lines contribute to RLI&#39;s profits.&nbsp;
RLI&#39;s ability to maintain the combined ratio at favorable levels even in the toughest operating environment reflects superior underwriting discipline. RLI&#39;s decision to drop underperforming products from its property business also bodes well. A strong capital position provides financial flexibility to operating subsidiaries and supports wealth distribution to shareholders.
RLI has an expected revenue and earnings growth rate of 18.1% and 22.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.6% over the last 30 days.
Root Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) provides insurance products and services in the United States. ROOT offers automobile, homeowners, and renters&#39; insurance products. ROOT operates a direct-to-consumer model, and serves customers primarily through mobile applications, as well as through its website. ROOT&#39;s direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.
Root has an expected revenue and earnings growth rate of more than 100% and 74.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 28.5% over the last 30 days.
<a href="https://www.zacks.com/stock/news/2321865/buy-5-property-casualty-insurers-to-enhance-your-portfolio?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2321865">To read this article on Zacks.com click here.</a>

ACGL

ROOT

Buy 5 Property & Casualty Insurers to Enhance Your Portfolio

Palomar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) reported second-quarter 2024 operating income of $1.25 per share, which beat the Zacks Consensus Estimate by 11.6%. The bottom line increased 45.3% year over year.
Palomar witnessed improved premiums, increased adjusted underwriting income and higher yields on invested assets, partly offset by higher losses and loss adjustment expenses, as well as underwriting expenses.
<div class="chart_embed">
Palomar Holdings, Inc. Price, Consensus and EPS Surprise
<img alt="Palomar Holdings, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/5c/1722942068.png" style="height:265px; width:577px" title="" />
Palomar Holdings, Inc. price-consensus-eps-surprise-chart | Palomar Holdings, Inc. Quote
</div>
<h3>Behind the Headlines</h3>
Total revenues improved 47.2% year over year to $131 million, mainly attributable to higher premiums, commission and other income and net investment income. The top line beat the Zacks Consensus Estimate by 9.2%.
Gross written premiums increased 40.4% year over year to $385.2 million. Our estimate was $362.7 million. Net earned premiums increased 47.1% year over year to $122.3 million. Our estimate was $109.2 million. The Zacks Consensus Estimate is pegged at $117.7 million.
Net investment income increased 43.7% year over year to $8 million, driven by higher yields on invested assets and a higher average balance of investments held during the three months ended Jun 30, 2024, due to cash generated from operations. The Zacks Consensus Estimate is pegged at $8.2 million. Our estimate was $8.9 million.
Palomar recorded an underwriting income of $25.6 million, which increased 47% from the year-ago quarter&#39;s income of $17.4 million. Our estimate was $23.2 million.
Adjusted underwriting income was $32.9 million, up 42.5% year over year.
Total expenses of $97.6 million increased 45% year over year due to higher losses and loss adjustment expenses, underwriting expenses and acquisition expenses, net of ceding commissions and fronting fees. Our estimate was $87.2 million.
The loss ratio was 24.9, which deteriorated 340 basis points (bps) year over year. Our estimate was 23.2. The Zacks Consensus Estimate was pegged at 24.7.
Adjusted combined ratio, excluding catastrophe losses, deteriorated 90 bps year over year to 73.1. The Zacks Consensus Estimate was pegged at 75.8.
<h3>Financial Update</h3>
Cash and cash equivalents decreased 7.1% from 2023-end to $47.8 million at the end of the second quarter of 2024. Shareholder equity increased 13% from 2023-end to $532.6 million at the end of the reported quarter.
Annualized adjusted return on equity in the second quarter of 2024 was 24.7%, expanding 340 bps year over year.
<h3>2024 View</h3>
Palomar expects adjusted net income in the range of $124-$130 million. This range includes $6.8 million of catastrophe losses incurred during the six months ended Jun 30, 2024, and additional catastrophe losses incurred during the third quarter of 2024 of nearly $5-$7 million related to Hurricanes Beryl and Debby.
<h3>Zacks Rank</h3>
PLMR currently carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Property &amp; Casualty Insurers</h3>
Cincinnati Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) reported second-quarter 2024 operating income of $1.29 per share, which surpassed the Zacks Consensus Estimate by 33%. The bottom line increased 7% year over year. Total operating revenues in the quarter under review were $2.4 billion, which improved 10.8% year over year. However, the top line missed the consensus mark by 1.5%.
Net written premiums climbed 14% year over year to $2.4 billion. Investment income, net of expenses, increased 10% year over year to $242 million and missed our estimate of $246.2 million. The Zacks Consensus Estimate was pegged at $252 million. Total benefits and expenses of Cincinnati Financial increased 11.2% year over year to $2.1 billion. Our estimate was $2.2 billion. In its P&amp;C insurance business, CINF witnessed an underwriting income of $35 million, which decreased 26% from the year-ago period. Our estimate was pegged at an income of $1.5 million.
RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) reported second-quarter 2024 operating earnings of $1.72 per share, beating the Zacks Consensus Estimate by 27.4%. The bottom line improved 48.3% year over year. Operating revenues for the reported quarter were $413 million, up 17.6% year over year, driven by 17.6% higher net premiums earned and 18% higher net investment income. The top line beat the Zacks Consensus Estimate of $403 million. Gross premiums written increased 11% year over year to $563.4 million. Our estimate was $664 million.
Net investment income increased 18% year over year to $34 million. Our estimate was $39.1 million. The Zacks Consensus Estimate was pegged at $37.4 million. Total expenses increased 9.5% year over year to $314.8 million. Our estimate was $331.7 million. Underwriting income increased 70% year over year to $70 million. The combined ratio improved 570 bps year over year to 81.5. The Zacks Consensus Estimate for the metric was pegged at 95.3, while our estimate was 89.9.
CNA Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) reported second-quarter 2024 core earnings of $1.19 per share, which missed the Zacks Consensus Estimate by 1.6%. However, the bottom line increased 5.3% year over year. Total operating revenues of CNA Financial were $3.1 billion, up 6.7% year over year. The top line beat the Zacks Consensus Estimate by 1.3%. Net written premiums of Property &amp; Casualty Operations increased 6% year over year to $2.6 billion.
Net investment income rose 7.4% year over year to $618 million. Our estimate for net investment was $601.1 million. The Zacks Consensus Estimate was pegged at $592.3 million. Total claims, benefits and expenses increased 7.3% to $2.6 billion. Our estimate was $2.5 billion. Catastrophe losses were $82 million, wider than a loss of $68 million in the year-ago quarter. Underwriting income declined 10.1% year over year to $124 million. Our estimate was $175.3 million.
<a href="https://www.zacks.com/stock/news/2317146/palomar-plmr-q2-earnings-top-estimates-on-improved-premiums?cid=CS-BENZ-FT-analyst_blog|earnings_article-2317146">To read this article on Zacks.com click here.</a>

CINF

PLMR

Palomar Q2 Earnings Top Estimates on Improved Premiums

In a report released today, Matthew Carletti from JMP Securities reiterated a Hold rating on RLI (RLI – Research Report). The company's shares clos...

JMP Securities Reaffirms Their Hold Rating on RLI (RLI)

In a report released today, Michael Phillips CFA from Oppenheimer maintained a Hold rating on RLI (RLI – Research Report). The company's shares clo...

Oppenheimer Reaffirms Their Hold Rating on RLI (RLI)

RLI Corp. (RLI) Q3 2024 Earnings Call Transcript

In a report released today, Casey Alexander from Compass Point reiterated a Buy rating on RLI (RLI – Research Report), with a price target of $185....

Compass Point Keeps Their Buy Rating on RLI (RLI)

Compass Point raised the firm's price target on RLI Corp. (RLI) to $185 from $170 and keeps a Buy rating on the shares after RLI produced a "solid"...

RLI Corp. price target raised to $185 from $170 at Compass Point

RLI Corp: A Resilient Dividend Champion Navigating 2024 With Strong Underwriting And Growth Potential

Monthly Options Series: Earn A Potentially Consistent 10% Income (Nov. 2024)

RLI declares $0.29 dividend

Analysts fell to the sidelines weighing in on RLI (RLI – Research Report) and Barings BDC (BBDC – Research Report) with neutral ratings, indicating...

Wall Street Analysts Are Neutral on Top Financial Picks

Dividend Champion, Contender, And Challenger Highlights: Week Of November 24

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Press Releases

RLI Increases Regular Dividend for 49th Consecutive Year

RLI Names Deb Millum as Vice President, Claim

RLI Second Quarter earnings release & teleconference

RLI Named to Ward's 50® Top Performing Insurance Companies List for 34th Consecutive Year

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