The CEO and COO buying in tandem is a rare and credible bullish signal for an insurance company. While the dollar amount is small relative to market cap, the cluster nature and C-suite involvement warrant attention. Monitor for upcoming earnings or material corporate developments that may have prompted this confidence. The stock's recent price near $52 may represent a perceived floor by management.
Price Chart
Executive Summary
Three RLI insiders, including the CEO and COO, made open-market purchases totaling $339K over two days. This cluster buy is a strong signal of insider confidence, especially given the CEO's participation, though the dollar amount is modest relative to RLI's $4.7B market cap (0.007%).
Key Financial Metrics
Key Facts
- CEO Craig Kliethermes purchased $104K worth of shares at $52.00 on May 27.
- COO Jennifer Klobnak purchased $105K worth of shares at $52.72 on May 27.
- Director David Duclos purchased $130K worth of shares at $51.99 on May 28.
- Total cluster value of $339K represents 0.007% of RLI's $4.7B market cap.
- All three transactions were open-market purchases (code P), not grants or tax withholdings.
Financial Impact
$339K total insider purchases, 0.007% of market cap
Risk Factors
- Small dollar amount relative to market cap limits the signal's magnitude.
- Historical calibration shows RLI insider cluster reports have a 40% win rate at T+20, suggesting past signals were not consistently predictive.
- No accompanying corporate event (earnings, buyback, guidance) was filed to corroborate the buying.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RLI-1780085751976 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $65.10 $64.90 | ▼ −0.31% | ▼ −3.69% | $56.18 (−13.70%) |
Jun 25, 2026 14w ago | 8-K | $57.56 $61.16 | ▲ +6.25% | ▲ +4.99% | $56.18 (−2.40%) |
Jun 1, 2026 17w ago | Insider Cluster | $50.96 $60.66 | ▲ +19.03% | ▲ +20.60% | $56.18 (+10.24%) |
May 29, 2026 18w ago | Insider Cluster | $50.63 $59.07 | ▲ +16.67% | ▲ +17.97% | $56.18 (+10.96%) |
May 14, 2026 20w ago | 8-K | $49.88 $54.35 | ▲ +8.96% | ▲ +9.82% | $56.18 (+12.63%) |
Apr 28, 2026 22w ago | 8-K | $48.98 $49.32 | ▲ +0.68% | ▼ −5.36% | $56.18 (+14.69%) |
Apr 22, 2026 23w ago | 8-K | $54.94 $52.64 | ▲ +4.19% | ▲ +8.82% | $56.18 (−2.26%) |
Mar 26, 2026 27w ago | DEFA14A | $56.32 $51.45 | ▼ −8.65% | ▼ −21.39% | $56.18 (−0.25%) |
Feb 19, 2026 32w ago | Court Ruling | $60.81 $58.09 | ▼ −4.47% | ▼ −0.87% | $56.18 (−7.61%) |
US Market Status
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