Streetbeat News

RELI

Reliance Global Group, Inc.

https://www.relianceglobalgroup.com

Industry

Insurance - Brokers

Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.

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Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:49 pm

Reliance Global has announced the launch of an AI-powered Quote & Bind InsurTech solution for commercial policies, set to debut in Q4 2024 on the RELI Exchange platform. This new solution aims to enhance real-time quoting and policy binding for multiple insurance lines.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:35 pm

Reliance Global Group (NASDAQ:RELI) reported Q2 EPS of $(2.76), an 88.6% improvement from $(24.21) YoY, but missed sales estimates with $3.23M against the expected $3.60M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:43 pm

Reliance Global Holdings has regained compliance with Nasdaq's minimum bid price requirement. Chairman and CEO Ezra Beyman emphasized the importance of maintaining the Nasdaq listing for the company's growth and enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:33 pm

Reliance Global Group, Inc. (NASDAQ:RELI) shares are trading higher after a 1-for-17 reverse split. The company announced a new Real Estate division, set to launch after acquiring Spetner Associates in the second half of 2024. Shares are up 10% at $4.23, despite a year-to-date loss of 95.09%.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 3:17 pm

Reliance Global shares are trading higher after the company formed a new real estate division.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:32 pm

Reliance Global shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:04 pm

Reliance Global Group, Inc. (NASDAQ:RELI) has announced the formation of a new Real Estate division. This division will leverage Ezra Beyman's experience in mortgage brokerage and multi-family properties. Abe Miller, a successful real estate investor, will oversee the division and be compensated on a success-based model. The new division will supplement the company's focus on acquiring profitable insurance agencies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:38 pm

Reliance Global Group shares are trading lower following the announcement of a 1-for-17 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:03 pm

Reliance Global Group, Inc. (NASDAQ:RELI) announced a 1-for-17 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will take effect on June 28, 2024, and the stock will trade on a split-adjusted basis starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:18 pm

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