Reliance Global GroupRELI
Market Cap: $3.47M
About: Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.
Employees: 67
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 12 [Q1] → 12 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
3.0% less ownership
Funds ownership: 8.74% [Q1] → 5.74% (-3.0%) [Q2]
21% less capital invested
Capital invested by funds: $142K [Q1] → $112K (-$29.4K) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for RELI.