The stock price of RLI Corp (NYSE: RLI) has dropped by -1.84 compared to previous close of 156.31. Despite this, the company has seen a fall of -6.91% in its stock price over the last five trading days. businesswire.com reported 2025-01-06 that PEORIA, Ill.–(BUSINESS WIRE)– #casualtyinsurance–RLI Corp. will release its fourth quarter 2024 earnings after market close on Wednesday, January 22, 2025.
Is It Worth Investing in RLI Corp (NYSE: RLI) Right Now?
RLI Corp (NYSE: RLI) has a price-to-earnings ratio that is above its average at 16.88x. The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for RLI is 40.46M, and at present, short sellers hold a 1.03% of that float. On January 09, 2025, the average trading volume of RLI was 173.44K shares.
RLI’s Market Performance
RLI stock saw a decrease of -6.91% in the past week, with a monthly decline of -10.58% and a quarterly a decrease of 3.17%. The volatility ratio for the week is 2.29%, and the volatility levels for the last 30 days are 1.99% for RLI Corp (RLI). The simple moving average for the last 20 days is -6.98% for RLI’s stock, with a simple moving average of 2.58% for the last 200 days.
Analysts’ Opinion of RLI
Wolfe Research, on the other hand, stated in their research note that they expect to see RLI reach a price target of $182. The rating they have provided for RLI stocks is “Outperform” according to the report published on October 09th, 2024.
Jefferies gave a rating of “Buy” to RLI, setting the target price at $155 in the report published on September 07th of the previous year.
RLI Trading at -7.85% from the 50-Day Moving Average
After a stumble in the market that brought RLI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.92% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -8.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.20% lower at present.
During the last 5 trading sessions, RLI fell by -6.91%, which changed the moving average for the period of 200-days by +4.79% in comparison to the 20-day moving average, which settled at $164.96. In addition, RLI Corp saw -6.91% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RLI starting from STONE MICHAEL J, who sale 300 shares at the price of $170.75 back on Dec 13 ’24. After this action, STONE MICHAEL J now owns 214,511 shares of RLI Corp, valued at $51,225 using the latest closing price.
STONE MICHAEL J, the Director of RLI Corp, sale 200 shares at $169.55 during a trade that took place back on Dec 12 ’24, which means that STONE MICHAEL J is holding 214,811 shares at $33,910 based on the most recent closing price.
Stock Fundamentals for RLI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 1.0 for the gross margin
The net margin for RLI Corp stands at 0.24. The total capital return value is set at 0.07. Equity return is now at value 27.53, with 9.26 for asset returns.
Based on RLI Corp (RLI), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 5.54. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 61.39.
Currently, EBITDA for the company is -5.54 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 4.01. The receivables turnover for the company is 7.31for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.
Conclusion
To sum up, RLI Corp (RLI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
