Craig W. Kliethermes, CEO of RLI Corp (NYSE:RLI), purchased 2,000 shares of common stock on May 27, 2026, at $52.00 per share, totaling $104,000. The stock trades near $51.50, close to its 52-week low of $47.26, after a 28% decline over the past year.
Post-transaction, Kliethermes holds 150,990 shares directly, adjusted for a 2-for-1 stock split on January 15, 2025, and dividend reinvestment. According to Bond.az analysis, RLI appears undervalued with a P/E ratio of 12.11. The company has paid dividends for 51 consecutive years and offers a 9.07% dividend yield.
In recent news, RLI Corp reported Q1 2026 EPS of $0.83, beating estimates of $0.81, but revenue of $423.87M missed the $479.43M forecast. The board declared a special cash dividend of $2.00 per share (~$184M total) and raised the regular quarterly dividend by 12.5% to $0.18 per share, payable June 12, 2026. Additionally, a new $250M share repurchase program was authorized.
