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.

Open

2.16

Mkt cap

3.3M

Volume

65K

High

2.16

P/E Ratio

-0.01

52-wk high

25.50

Low

1.90

Div yield

N/A

52-wk low

1.90

Reliance Global Group, Inc. has decided to withdraw its proposed underwritten public offering. The company had previously filed with the SEC to raise capital through the sale of its securities, but has now chosen to retract this plan. The reasons for this decision have not been disclosed. This withdrawal could be due to a variety of factors, such as market conditions, valuation concerns, or changes in the company's capital requirements. Investors in RELI should monitor the situation for further updates and potential implications for the company's financial strategy and stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:28 pm

Reliance Global shares have dropped following the announcement of a proposed underwritten public offering. The offering suggests that the company is seeking to raise capital, which typically dilutes existing shareholders' equity, leading to a negative short-term reaction in the stock price.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:30 pm

Reliance Global Group has initiated an underwritten public offering to raise funds for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:17 pm

In Thursday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) surged 101.61% after its Q3 earnings report. Huize Holding (HUIZ), Cheche Group (CCG), FG Finl Gr (FGFPP), Abacus Life (ABL), and Global Indemnity Group (GBLI) also saw gains. Conversely, GoHealth (GOCO), Maiden Hldgs (MHLD), Lemonade (LMND), Root (ROOT), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Reliance Global Group (RELI) experienced declines.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:40 pm

Reliance Global Group (NASDAQ:RELI) reported a significant improvement in Q3 EPS to $(0.05), up from $(1.50) YoY. However, sales declined to $3.28M from $4.15M YoY, a 21.12% decrease.

Portfolio Pulse from bharat@benzinga.com

November 13, 2023 | 9:42 pm

In Monday's intraday session, insurance stocks saw movement with Waterdrop, Hippo Holdings, Goosehead Insurance, Citizens, Genworth Financial, and Root experiencing gains, while Reliance Global Group, Abacus Life, Fanhua, American Coastal, GoHealth, and FG Financial Group faced declines. The movements were attributed to trading volumes and recent Q3 earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:40 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

During Thursday's intraday session, insurance stocks showed significant movement. Gainers included BRP Group, Reliance Global Group, Crawford, Conifer Holdings, Heritage Insurance Hldgs, and MBIA. Losers included ProAssurance, SiriusPoint, Hippo Holdings, Maiden Hldgs, Trupanion, and Lemonade. Most companies recently released their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:40 pm

Insurance stocks showed mixed performance in Tuesday's intraday session. Gainers included Cheche Group (CCG), Skyward Specialty (SKWD), Heritage Insurance Hldgs (HRTG), Abacus Life (ABL), Marpai (MRAI), and Donegal Gr (DGICB). Losers included Tian Ruixiang Holdings (TIRX), Reliance Global Group (RELI), Hippo Holdings (HIPO), eHealth (EHTH), Hallmark Financial Servs (HALL), and Lincoln National (LNC). Q3 earnings reports were recently released for SKWD, HRTG, HIPO, and LNC.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:40 pm

Insurance stocks showed mixed performance in Monday's intraday session. Gainers included Waterdrop (WDH), Abacus Life (ABL), Palomar Hldgs (PLMR), Fanhua (FANH), Mercury General (MCY), and Progressive (PGR). Losers included Conifer Holdings (CNFR), Reliance Global Group (RELI), Hallmark Financial Servs (HALL), Lemonade (LMND), SelectQuote (SLQT), and Investors Title (ITIC).

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:40 pm

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