Has RLI (RLI) Outpaced Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. RLI (RLI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of RLI and the rest of the Finance group's stocks.
RLI is a member of our Finance group, which includes 829 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. RLI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RLI's full-year earnings has moved 3.45% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, RLI has returned 13.19% so far this year. In comparison, Finance companies have returned an average of -2.39%. This means that RLI is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RLI belongs to the Insurance - Property and Casualty industry, which includes 49 individual stocks and currently sits at #96 in the Zacks Industry Rank. This group has lost an average of 2.90% so far this year, so RLI is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to RLI as it looks to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RLI Corp. (RLI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
