NEW YORK ( TheStreet) -- RLI Corporation (NYSE: RLI) hit a new 52-week high Wednesday as it is currently trading at $66.54, above its previous 52-week high of $66.53 with 143,630 shares traded as of 3:56 p.m. ET. Average volume has been 108,100 shares over the past 30 days. RLI has a market cap of $1.3 billion and is part of the financial sector and insurance industry. Shares are up 23.9% year to date as of the close of trading on Tuesday. 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 9.2, 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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