RLI Stock Summary and Trading Ideas (Rli Corp. Common (De) | NYSE:RLI)

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include Casualty, Property, and Surety and it derives a majority of its revenue from the Casualty segment.

Rli Corp. Common (De) trades on the NYSE stock market under the symbol RLI.

As of April 19, 2024, RLI stock price climbed to $140.21 with 193,389 million shares trading.

RLI has a beta of 0.18, meaning it tends to be less sensitive to market movements. RLI has a correlation of 0.01 to the broad based SPY ETF.

RLI has a market cap of $6.41 billion. This is considered a Mid Cap stock.

Last quarter Rli Corp. Common (De) reported $331 million in Revenue and $1.54 earnings per share. This fell short of revenue expectation by $-27 million and exceeded earnings estimates by $.05.

In the last 3 years, RLI stock traded as high as $149.65 and as low as $96.22.

The top ETF exchange traded funds that RLI belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

RLI has underperformed the market in the last year with a return of +6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, RLI fell short of the market, returning -2.6%, while SPY returned +3.0%. However, in the most recent 2 weeks RLI has outperformed the stock market by returning -3.0%, while SPY returned -4.5%.

RLI support price is $135.58 and resistance is $138.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RLI stock will trade within this expected range on the day.