RLI Stock Hits New 52-Week High (RLI)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $71.34, above its previous 52-week high of $71.25 with 98,006 shares traded as of 1:06 p.m. ET. Average volume has been 119,900 shares over the past 30 days.
RLI has a market cap of $1.4 billion and is part of the
sector and
industry. Shares are up 31.8% year to date as of the close of trading on Wednesday.
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 10.4, 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
. 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 has had sub par growth in net income. You can view the full
.
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