正则表达式将 li 与 ul 包裹在一起

我需要用ul标签包装多组li标签。下面是一个示例：

<text>
<p>Today is a nice day</p>
<li>This is line one</li>
<li>This is line two</li>
<li>This is line three</li>
</text>
<text>
<p>Today is also a nice day</p>
<li>This is also line one</li>
<li>This is also line two</li>
<li>This is also line three</li>
</text>

这是我正在使用的正则表达式：

/(<li>.*?<'/li>)+/g

当我尝试将所选字符串替换为：

<ul>$1</ul> 

我得到以下信息：

<text>
<p>Today is a nice day</p>
<ul><li>This is line one</li></ul>
<ul><li>This is line two</li></ul>
<ul><li>This is line three</li></ul>
</text>
<text>
<p>Today is also a nice day</p>
<ul><li>This is also line one</li></ul>
<ul><li>This is also line two</li></ul>
<ul><li>This is also line three</li></ul>
</text>

以下是我希望结果的样子：

<text>
<p>Today is a nice day</p>
<ul><li>This is line one</li></ul>
<ul><li>This is line two</li></ul>
<ul><li>This is line three</li></ul>
</text>
<text>
<p>Today is also a nice day</p>
<ul>
<li>This is also line one</li>
<li>This is also line two</li>
<li>This is also line three</li>
</ul>
</text>