Should you hold on to your RLI position?

In the world of finance, every penny counts and every investment decision matters. With a keen eye on the financial services sector, we turn our attention to RLI Corp, a notable player in the insurance industry. The company, listed on the NYSE, boasts a market capitalization of $6.5B and an enterprise value of $6.4B. With a solid profit margin of 20.96% and net income of $304.6M, RLI Corp's financial health appears robust. However, the company's trailing PE ratio of 19.55 and price to earnings ratio of 20.64X may give investors pause. Despite a modest five-year return of 1.07%, the question remains: Is RLI Corp stock a compelling hold for your investment portfolio? Many millennials are steering clear of the insurance sector, but it's worth taking a closer look at RLI Corp to understand its current market trends. We'll assess why recent price movements in RLI Corp suggest a potential rebound in June. Is the current valuation of RLI Corp justified for 2024? I will share my perspective on this valuation to provide RLI traders with a better understanding before deciding to invest in the stock.
Published over six months ago
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Reviewed by Rifka Kats

From a valuation perspective, RLI Corp's stock presents a compelling hold for investors. With a current valuation of $6.39B, the company's robust return on assets of 5.05% and a healthy book value of $33.27 indicate a strong financial position.

Main Takeaways

RLI Corp carries a debt of 114.88M, with a debt-to-equity ratio of 0.15. This low ratio suggests the company is not fully leveraging the potential profits from borrowing. Its current ratio stands at 1.4, which is standard for the industry. While debt can support RLI Corp's growth, it poses a risk if the company struggles to repay it, potentially leaving shareholders with nothing. However, it's more common for companies like RLI Corp to issue additional shares at low prices, diluting existing shareholders. Therefore, debt can be a beneficial tool for RLI Corp to invest in high-return growth. The company's use of debt should always be evaluated alongside its cash and equity. RLI Corp's stock is fairly valued at $148.01 per share, with modest future projections.
We determine the current worth of RLI Corp using both absolute as well as relative valuation methodologies to arrive at its intrinsic value. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of RLI Corp based exclusively on its fundamental and basic technical indicators. By analyzing RLI Corp's financials, quarterly and monthly indicators, and related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of RLI Corp's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of RLI Corp. We calculate exposure to RLI Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to RLI Corp's related companies.

RLI Corp Investment Alerts

RLI investment alerts and warnings help investors to get more proficient at understanding not only critical technical and fundamental signals but also the significant portfolio-centered indicators. These indicators include beta, alpha, and other risk-related measures that will help you in monitoring RLI Corp performance across your portfolios.Please check all investment alerts for RLI

RLI Corp Valuation Ratios as Compared to Competition

Our valuation model uses many indicators to compare RLI value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across RLI Corp competition to find correlations between indicators driving the intrinsic value of RLI.

RLI Corp Gross Profit

RLI Corp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing RLI Corp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show RLI Corp Gross Profit growth over the last 10 years. Please check RLI Corp's gross profit and other fundamental indicators for more details.

An Additional Perspective On RLI Corp

The entity reported the last year's revenue of 1.5 B. Total Income to common stockholders was 304.61 M with profit before taxes, overhead, and interest of 832.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.7B1.5B1.6B
Total Revenue1.2B1.7B1.5B1.6B

Margins Breakdown

RLI profit margins show the degree to which it makes money. Margin indicators are used not only by investors but also by creditors or RLI Corp itself as indicators of financial health and management effectiveness. Please look more closely at the different varieties of RLI Corp profit margins.
0.12
Net Profit Margin
0.26
Pretax Profit Margin
Pretax Profit Margin0.26
Operating Profit Margin0.006095
Net Profit Margin0.12
Gross Profit Margin0.81
RLI Corp Price To Sales Ratio is increasing over the last 8 years. The previous year's value of RLI Corp Price To Sales Ratio was 4.25.
Also, RLI Corp Market Cap is increasing over the last 8 years. As the saying goes, "Don't put all your eggs in one basket," and RLI Corp stock might just be the diversified addition your portfolio needs. With a market capitalization of $6.46 billion and a robust current ratio of 1.43X, RLI Corp demonstrates financial stability. The company's operating margin stands at 0.35%, indicating efficient operations, while its payout ratio of 20.62% suggests a commitment to returning capital to shareholders. Despite a negative net interest income of $7.9 million, the company's strong cash flow from operations, amounting to $464.26 million, underscores its ability to generate substantial cash. Given these factors, RLI Corp stock presents a compelling hold for investors seeking a blend of stability and returns..

RLI Corp has 85 percent chance to finish above $140 in June

RLI Corp's recent risk-adjusted performance of 0.03, although positive, indicates a potential price drop. However, given various market indicators and strong company fundamentals, there's an 85% likelihood that RLI Corp's stock will exceed $140 in June. Despite potential short-term volatility, the overall outlook for RLI Corp remains bullish. Investors should closely monitor this stock due to its significant return potential. RLI Corp's low volatility, with a Treynor Ratio of 0.13, Maximum Drawdown of 5.06, and kurtosis of 0.63, suggests a lower risk against market volatility during both bullish and bearish trends. However, the heightened volatility of bear markets can directly affect RLI Corp's stock price, causing investor stress as share values decrease. This often prompts investors to diversify their portfolios by purchasing various financial instruments as prices decline.Despite today's plunge, RLI Corp still holds potential for investors.
The company's valuation real value stands at 148.01, which is higher than the current market value of 142.49. This suggests that the stock may be undervalued and could present a buying opportunity. Furthermore, the analyst overall consensus is a 'Buy', with 2 strong buys and 1 buy against 4 holds. The analyst target price estimated value is 153.75, indicating potential upside. However, investors should also consider the possible downside price of 145.04. In conclusion, while RLI Corp's stock has taken a hit today, its fundamentals suggest potential for recovery and growth. As always, investors should carefully consider their risk tolerance and investment goals before making a decision..

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Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Nico Santiago do not own shares of RLI Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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