RBC Capital analyst Mark Dwelle lowered the firm’s price target on RLI Corp. (RLI) to $80 from $88 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. The company’s results trailed estimates mostly due to an underwriting loss in the Casualty segment, though its Surety and Property combined ratios remain good and reserve releases were solid, the analyst tells investors in a research note. RBC maintains that RLI is a “high-quality company” that will take prudent actions including large rate increases and repositioning in Casualty during 2025.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RLI: