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 shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 300.9%.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:58 pm

Reliance Global Group has announced its pending acquisition of Spetner Associates, which is expected to close in the second half of 2024. The acquisition is projected to double Reliance Global Group's annual revenue to $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:34 pm

Reliance Global Group shares are trading lower following the company's report of a year-over-year decrease in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:53 am

Reliance Global Group (NASDAQ:RELI) reported a Q1 EPS of $(0.81), a 37.29% decrease from $(0.59) YoY, with sales of $4.08M, a 3.63% increase from $3.94M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:52 am

Fluent Inc. (NASDAQ:FLNT) shares fell 12.6% after reporting weaker-than-expected quarterly results, with an adjusted loss of 30 cents per share and sales of $65.983 million, missing estimates. Other notable stock movements include significant gains for Lucy Scientific Discovery Inc. (NASDAQ:LSDI) and Greenwave Technology Solutions, Inc. (NASDAQ:GWAV), and declines for Spire Global, Inc. (NYSE:SPIR) and a.k.a. Brands Holding Corp. (NYSE:AKA).

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 5:06 pm

Reliance Global Group shares are trading higher following the announcement of a definitive agreement to acquire Spetner Associates.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:44 pm

Reliance Global Group, Inc. (NASDAQ:RELI) has announced the acquisition of Spetner Associates, a benefits enrollment company serving over 75,000 employees. The acquisition is expected to double Reliance's revenue and drive significant EBITDA growth and shareholder value in 2024. Terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:33 pm

An executive from Reliance Industries reported strong sales in the air conditioners category within their consumer electronics segment, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:14 pm

Shares of companies in the financial sector are down despite strong bank earnings, due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:40 pm

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