RLI Corp saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
RLI Corp is currently extended beyond a proper buy zone after clearing the 149.20 buy point in a flat base.
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The stock has a 99 EPS Rating, which means its recent quarterly and annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 115% earnings-per-share growth for Q3. It has now posted accelerating EPS gains for three consecutive quarters. Revenue growth increased 42%, up from 9% in the prior quarter. That marks one quarter of increasing revenue growth.
RLI Corp holds the No. 5 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General is the top-ranked stock within the group.
