Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Reliance Global Group ( (RELI) ) has issued an update.
On June 17, 2025, Reliance Global Group announced its intention to sell its subsidiary, Fortman Insurance Agency, for $5 million in cash. This strategic move is part of Reliance’s plan to acquire Spetner Associates, a rapidly growing insurance platform, which is expected to enhance the company’s operations and shareholder value. The sale of Fortman, which has been improved and monetized since its acquisition, underscores Reliance’s disciplined capital allocation and commitment to growth.
Spark’s Take on RELI Stock
According to Spark, TipRanks’ AI Analyst, RELI is a Neutral.
The overall score reflects significant financial challenges, with negative cash flows and a high leverage profile being the most critical factors. While the earnings call provided positive guidance and strategic initiatives, the technical analysis presents mixed signals, and valuation remains unattractive due to ongoing losses. The company’s strategic decisions, such as withdrawing from a public offering, add uncertainty to its financial strategy.
To see Spark’s full report on RELI stock, click here.
More about Reliance Global Group
Reliance Global Group, Inc. is an InsurTech company that leverages artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry. It operates a business-to-business platform, RELI Exchange, and a consumer platform, 5minuteinsure.com, providing a range of insurance products through independent agencies and direct online channels.
Average Trading Volume: 1,245,792
Technical Sentiment Signal: Sell
Current Market Cap: $8.69M
Learn more about RELI stock on TipRanks’ Stock Analysis page.