RLI Corp (NYSE: RLI) has reported E.P.S. of $2.77 for its first fiscal quarter (ending March 31) versus $2.17 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $7.28 versus $13.96 for the same period a year ago.
Recent Price Action
On 4/22/24, RLI Corp (NYSE: RLI) stock rose modestly by 0.7%, closing at $141.24. Moreover, trading volume in this advance was above average at 129% of normal. The stock has performed in line with the market over the last nine months and has risen 2.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RLI is expected to continue to be a Value Builder.
RLI has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RLI has a very low Appreciation Score of 14 but a good Power Rating of 70, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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