RLI Should I Buy
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RLI Corp is not a strong buy at the moment for a beginner, long-term investor. The technical indicators show bearish trends, the options data reflects a bearish sentiment, and the company's recent financial performance indicates declining net income and EPS. While hedge funds are increasing their positions, the lack of strong positive catalysts and mixed analyst ratings suggest holding off on buying for now.
The technical indicators are bearish. The MACD is negatively expanding, RSI is neutral at 22.392, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading below the key pivot level of 57.498, with support at 55.6 and 54.427.
Hedge funds have increased their buying activity by 264.58% over the last quarter. Jefferies upgraded the stock from Underperform to Hold, citing disciplined underwriting and book value growth.
The company has seen five downward EPS revisions in the last three months. Net income and EPS have declined YoY in the latest quarter. Analysts have lowered price targets twice in recent months.
In Q1 2026, revenue increased by 3.98% YoY to $423.87M, but net income dropped by 13.18% YoY to $54.89M, and EPS fell by 11.76% YoY to $0.6.
Keefe Bruyette lowered the price target twice in recent months, from $81 to $70 and then to $67, but maintained an Outperform rating. Jefferies upgraded the stock from Underperform to Hold.
