Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for RLI Corp (NYSE: RLI) improved during the last several trading days. RLI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
RLI Corp (NYSE: RLI) stock rose modestly by 0.7% on 8/9/24. The stock closed at $147.07. However, unusually low trading volume at 64% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.3% during the last week.
Current PriceTarget Research Rating
RLI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
RLI has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. 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 74, producing the Low Neutral Value Trend Rating.
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