11 Most Expensive Stocks Insiders Are Buying Recently

4. RLI Corp. (NYSE:RLI)

Average price per share: $72.14

Market capitalization: $6.88 billion

RLI Corp is an insurance holding company specializing in property and casualty insurance and also one of 10 mid-cap stocks insiders are buying recently. The company’s casualty segment offers commercial and personal coverage products and general liability products. RLI’s offering also includes coverages for security guards and environmental liability for underground storage tanks, contractors and more.

In January, five insiders, among which are the company’s CEO, and COO purchased a total of around $949,974 worth of RLI shares at an average price of $72.14 per share. Out of the total amount, RLI’s CEO, W Craig Kliethermes, acquired 5,000 shares, increasing his holdings to 139,190 shares.

Since the beginning of the year, RLI shares declined 9.16%, now trading at $74.87 per share. Over the past 12 months, RLI stock gained 5.21%.

RLI’s average rating is “Hold” from nine research firms, according to StockAnalysis, and an average 12-month price target is $81.92.

On February 13, the company’s Board of Directors declared a first-quarter regular cash dividend of $0.15 per share, a 3.4% increase over the prior quarter. RLI has increased dividends in each of the last 50 years. For the fourth quarter of 2024, RLI disclosed net earnings of $40.9 million ($0.44 per share), compared to $114.6 million ($1.24 per share) for the same period of 2023.