NEW YORK (

TheStreet

) --

RLI Corporation

(NYSE:

RLI

) hit a new 52-week high Tuesday as it is currently trading at $73.04, above its previous 52-week high of $72.95 with 56,018 shares traded as of 12:49 p.m. ET. Average volume has been 118,900 shares over the past 30 days.

RLI has a market cap of $1.49 billion and is part of the

financial

sector and

insurance

industry. Shares are up 33.1% year to date as of the close of trading on Monday.

RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States. The company operates in three segments: Casualty, Property, and Surety. The company has a P/E ratio of 10.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates RLI as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

RLI Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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