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Video: What is a Stock Split?
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Reliance Global Group operates along with its subsidiaries. Co. has six subsidiaries that all act as insurance agencies. The six subsidiaries are: Employee Benefits Solutions and U.S. Benefits Alliance, which focus on the sale of health insurance products, in the wholesale and retail industry; Commercial Coverage Solutions, which focuses on commercial trucking/transportation insurance; Southwestern Montana Financial Center, which focuses on Group Health insurance; Fortman Insurance Services, which focuses on Property and Casualty as well as health benefits; and Altruis Benefits Consultants, an independent insurance agency. According to our Reliance Global Group stock split history records, Reliance Global Group has had 1 split. | |
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Reliance Global Group (RELI) has 1 split in our Reliance Global Group stock split history database. The split for RELI took place on February 23, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of RELI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Reliance Global Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Reliance Global Group stock split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Reliance Global Group shares, starting with a $10,000 purchase of RELI, presented on a split-history-adjusted basis factoring in the complete Reliance Global Group stock split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/10/2021 |
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End date: |
05/26/2023 |
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Start price/share: |
$97.35 |
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End price/share: |
$4.28 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.60% |
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Average Annual Total Return: |
-74.52% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$439.75 |
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Years: |
2.28 |
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Date |
Ratio |
02/23/2023 | 1 for 15 |
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