On December 23, 2024, Alex Blumenfrucht, a Director at Reliance Global Group Inc (RELI, Financial), sold 5,236 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 484 shares of the company.
Reliance Global Group Inc is a company engaged in the acquisition and management of insurance agencies in the United States. The company focuses on acquiring well-managed, cash-flow-positive insurance agencies and brokerages.
The insider transaction history for Reliance Global Group Inc shows that there have been three insider buys and four insider sells over the past year. Over the same period, Alex Blumenfrucht has sold a total of 5,236 shares and purchased zero shares.
On the day of the recent sale, shares of Reliance Global Group Inc were trading at $3.69 each, giving the stock a market cap of $4.757 million.
With a price of $3.69 and a GF Value of $13.90, Reliance Global Group Inc has a price-to-GF-Value ratio of 0.27. This indicates that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
