NEW YORK ( TheStreet) -- RLI Corporation (NYSE: RLI) hit a new 52-week high Friday as it is currently trading at $69.30, above its previous 52-week high of $69.29 with 41,319 shares traded as of 2:51 p.m. ET. Average volume has been 115,400 shares over the past 30 days.

RLI has a market cap of $1.4 billion and is part of the financial sector and insurance industry. Shares are up 30.3% year to date as of the close of trading on Thursday.

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 10.3, 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 expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full RLI Ratings Report.

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