RLI Director Acquires 2,500 Shares in Open Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 06 2026
0mins
Source: Yahoo Finance
- Share Acquisition Details: On May 28, 2026, Director David B. Duclos purchased 2,500 shares of RLI for $129,975, increasing his direct holdings to 9,780 shares with a post-transaction value of $504,000, indicating confidence in the company's future prospects.
- Ownership Proportion Change: This acquisition raised Duclos's direct ownership by 34.34%, from 7,280 to 9,780 shares, reflecting his expectation for a rebound in RLI's stock, particularly after a 25.8% decline over the past year.
- Transaction Context Analysis: Over the past two years, Duclos's Form 4 filings have shown only administrative updates or net purchases, with this 2,500-share buy representing the largest single increase during the disclosed period, suggesting a reassessment of the company's value.
- Shareholder Return Plans: RLI recently announced a special dividend of $2 per share, payable on June 12, which may have influenced Duclos's decision to increase his holdings, while the company also raised its quarterly dividend by 12.5% to $0.18 per share and authorized a $250 million share repurchase program.
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Analyst Views on RLI
Wall Street analysts forecast RLI stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 52.750
Low
62.00
Averages
69.67
High
81.00
Current: 52.750
Low
62.00
Averages
69.67
High
81.00
About RLI
RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Company's segment includes Casualty, Property, and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and worker’s compensation for office-based professionals. Its property segment is composed primarily of commercial fire, hurricane, earthquake, difference in conditions, and marine coverage. Its Surety segment specializes in writing small to medium-sized contract surety coverage, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- RLI Corp Dynamics: RLI Corp's stock has plummeted 40% since November 2024, yet both operating and net earnings for 2025 surpassed those of 2024, with insiders starting to buy after the stock bottomed, indicating confidence in the company's future.
- LTC Properties Investment: LTC Properties is shifting towards REIT investment diversification structures, expecting its 'senior housing operating portfolio' to comprise 45% of total asset value, which stabilizes share prices and attracts more investor interest.
- American Assets Trust: Founder Ernest Rady purchased approximately 50,000 shares in the past two weeks, and despite facing vacancy issues, management indicates that the operating environment is improving, which may enhance shareholder returns in the future.
- TXO Partners Investment: TXO Partners founder Bob Simpson bought 600,000 shares for over $8 million in early June, and despite distribution volatility, its 11.3% yield continues to attract investor attention, reflecting confidence in the company's long-term growth.
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- Leadership Change: RLI Corp. has announced the promotion of Kevin Brownell to Vice President of Claims, where he will oversee the company's casualty claims operations, expected to enhance service quality and customer satisfaction.
- Experienced Professional: Since joining RLI in 2018, Brownell has demonstrated exceptional leadership and expertise, leveraging over 25 years of experience in insurance claims and legal matters to rise through the ranks.
- Commitment to Service: RLI's COO, Jen Klobnak, praised Brownell's contributions to improving claims operations' technical excellence and customer service, indicating strong confidence in his future performance.
- Educational Credentials: Brownell holds a bachelor's degree from the University of Illinois Urbana-Champaign and a Juris Doctor from the University of Illinois College of Law, further enhancing his professional capabilities and leadership in the insurance sector.
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- Share Purchase Details: On May 28, 2026, Director David B. Duclos purchased 2,500 shares of RLI for $129,975, increasing his direct holdings from 7,280 to 9,780 shares, representing a 34.34% increase, indicating confidence in the company's future prospects.
- Transaction Context: This purchase marks the largest single increase in Duclos's holdings over the past two years, reflecting his expectation for RLI stock to rebound after a 25.8% decline in total return, suggesting a strategic opportunistic buy.
- Shareholder Return Initiatives: RLI recently announced a special dividend of $2 per share, payable on June 12, having issued two such dividends in less than 12 months, demonstrating the company's commitment to shareholder returns and confidence in its profitability.
- Financial Health Overview: In the first quarter, RLI reported only $86 in losses and expenses for every $100 collected in premiums, indicating strong profitability, while also raising its quarterly dividend by 12.5% to $0.18 per share and authorizing a $250 million share repurchase program.
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- Share Acquisition Details: On May 28, 2026, David B. Duclos purchased 2,500 shares of RLI for approximately $130,000 in an open-market transaction, increasing his direct holdings by 34.34% to a total of 9,780 shares, indicating strong confidence in the company's future performance.
- Market Reaction Expectations: This transaction suggests that Duclos expects RLI's stock to recover from a 42% decline since its peak in 2024, as insiders typically buy shares only when they anticipate price increases, reflecting an optimistic outlook on the company's prospects.
- Dividends and Buyback Plans: RLI announced a special dividend of $2 per share payable on June 12, alongside a 12.5% increase in its quarterly dividend to $0.18 per share and a new $250 million share repurchase program, which bolsters investor confidence.
- Profitability Analysis: RLI's specialty insurance business demonstrated strong performance in Q1, reporting only $86 in losses and expenses for every $100 collected in premiums, showcasing its robust profitability, although analysts remain cautious, not including it in their top investment stock recommendations.
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- Share Acquisition Details: On May 28, 2026, Director David B. Duclos purchased 2,500 shares of RLI for $129,975, increasing his direct holdings to 9,780 shares with a post-transaction value of $504,000, indicating confidence in the company's future prospects.
- Ownership Proportion Change: This acquisition raised Duclos's direct ownership by 34.34%, from 7,280 to 9,780 shares, reflecting his expectation for a rebound in RLI's stock, particularly after a 25.8% decline over the past year.
- Transaction Context Analysis: Over the past two years, Duclos's Form 4 filings have shown only administrative updates or net purchases, with this 2,500-share buy representing the largest single increase during the disclosed period, suggesting a reassessment of the company's value.
- Shareholder Return Plans: RLI recently announced a special dividend of $2 per share, payable on June 12, which may have influenced Duclos's decision to increase his holdings, while the company also raised its quarterly dividend by 12.5% to $0.18 per share and authorized a $250 million share repurchase program.
See More
- Shareholder Return Enhancement: On May 14, 2026, RLI Corp announced an increase in regular cash dividends, a one-time special dividend, and a new share repurchase program aimed at boosting shareholder confidence and improving investor returns.
- Stock Price Volatility Context: Despite RLI's stock price declining by 15.88% year-to-date and a 26.82% drop in total shareholder return over the past year, the five-year total shareholder return remains positive at 19.68%, indicating long-term investment potential.
- Valuation Analysis: RLI's last closing price was $52.56, which is below the widely followed fair value estimate of $58, suggesting that the current stock price is undervalued and attracting investor interest in potential value.
- Market Risk Warning: Increased competition in the commercial property insurance market may suppress top-line premium growth and erode underwriting margins if RLI fails to maintain pricing discipline, ultimately pressuring revenue and net margins.
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