Reliance Global Group RELI is very bullish

Let’s take a quick bird’s eye view of Reliance Global Group RELI and why RELI is up over 200% in less than two weeks. Before we get started, let’s go over the particulars.

Company Name: Reliance Global Group

Ticker: RELI

Exchange: NASDAQWebsite: https://www.relianceglobalgroup.com/

Reliance Global Group Company Summary:

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model.

Also, Reliance Global Group’s growth strategy includes both an organic expansion as well as acquiring well managed, undervalued and cash flow positive insurance agencies.

Why did it go up over 200%?

Reliance Global Group RELI announced a private placement of preferred stock, common stock and warrants for gross proceeds of $20.0 million before deducting the placement agent’s fees and other estimated offering expenses.

The offering is expected to close on or around December 27, 2021.

Reliance Global Group RELI 1 Day Chart:

RELI technical analysis

I expect it to consolidate in between $6.13 & $6.36 before the next move. I’m feeling good about this stock and believe with the big news and the overall bullish trend in the 5 day and 1 day that it is a stock to watch carefully! 

If the stock falls below $6.13, that is an indicator of a pullback so be careful!

GAMCO Investors is Buying Biglari Holdings Inc. (NYSE:BH) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Biglari Holdings Inc. (NYSE:BH) reported that GAMCO Investors has picked up 23,219 of common stock as of 2017-04-28.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 23,219 representing less than 1.12% stake in the company.

For those not familiar with the company, Biglari Holdings Inc. is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western). Steak n Shake is engaged in the ownership, operation and franchising of Steak n Shake restaurants. Western is engaged primarily in the franchising of restaurants. The Company’s insurance business consists of First Guard Insurance Company and its agency, 1st Guard Corporation. First Guard is a direct underwriter of commercial trucking insurance, selling physical damage and non-trucking liability insurance to truckers. Its media business consists of Maxim. Maxim’s business lies principally in media and licensing.

A glance at Biglari Holdings Inc. (NYSE:BH)’s key stats reveals a current market capitalization of 887.87 Million based on 2.07 Million shares outstanding and a price at last close of $426.63 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-08-08, Biglari picked up 263 at a purchase price of $398.47. This brings their total holding to 654,237 as of the date of the filing.

On the sell side, the most recent transaction saw Mustang unload 750 shares at a sale price of $309.90. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Biglari Holdings Inc. (NYSE:BH) as things move forward to see if its progress aligns with these transactions.

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Downes Sean Picked Universal Insurance Holdings (NYSE:UVE) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Universal Insurance Holdings Inc. (NYSE:UVE) reported that Downes Sean P  has picked up 1,815,363 of common stock as of 2017-04-26.

The acquisition brings the aggregate amount owned by Downes Sean P to a total of 1,815,363 representing less than 5.2% stake in the company.

For those not familiar with the company, Universal Insurance Holdings, Inc. (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC). UPCIC writes homeowners insurance policies in states, including Alabama, Delaware, Florida, Georgia, Hawaii, Indiana, Maryland, Massachusetts, Michigan, Minnesota, North Carolina, Pennsylvania, South Carolina and Virginia. APPCIC writes homeowners and commercial residential insurance policies in Florida. The Company has developed a suite of applications that provide underwriting, policy and claim administration services, including billing, policy maintenance, inspections, refunds, commissions and data analysis.

A glance at Universal Insurance Holdings Inc. (NYSE:UVE)’s key stats reveals a current market capitalization of 934.25 Million based on 35.07 Million shares outstanding and a price at last close of $26.05 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-06-13, Downes picked up 5,300 at a purchase price of $18.61. This brings their total holding to 1,312,281 as of the date of the filing.

On the sell side, the most recent transaction saw Pietrangelo unload 17,000 shares at a sale price of $25.65. This brings their total holding to 44,248.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Universal Insurance Holdings Inc. (NYSE:UVE) as things move forward to see if its progress aligns with these transactions.

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Guess Who Just Picked Up Tiptree Inc. (NASDAQ:TIPT) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tiptree Inc. (NASDAQ:TIPT) reported that Nomura Holdings Inc. has picked up 2,273,701 of common stock as of 2017-03-28.

The acquisition brings the aggregate amount owned by Nomura Holdings Inc. to a total of 2,273,701 representing a 7.99% stake in the company.

For those not familiar with the company, Tiptree Inc., formerly Tiptree Financial Inc., is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other. The insurance and insurance services segment operates through Fortegra Financial Corporation. The specialty finance segment operates through Siena Capital Finance LLC and Luxury Mortgage Corp. The real estate segment operates through Care LLC. The asset management segment operations include Telos Asset Management’s management of collateralized loan obligations and Muni Capital Management’s management of Non-Profit Preferred Funding Trust I. The corporate and other segment operations include Tiptree Direct Holdings LLC (TDH) and Muni Funding Company of America LLC (MFCA).

A glance at Tiptree Inc. (NASDAQ:TIPT)’s key stats reveals a current market capitalization of 202.17 Million based on 28.47 Million shares outstanding and a price at last close of $7.10 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-24, Ilany picked up 4,000 at a purchase price of $6.70. This brings their total holding to 58,419 as of the date of the filing.

On the sell side, the most recent transaction saw Bell unload 66 shares at a sale price of $6.50. This brings their total holding to 42,987.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tiptree Inc. (NASDAQ:TIPT) as things move forward to see if its progress aligns with these transactions.

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Guess Who Just Picked Up Hc2 Holdings Inc. (NYSEMKT:HCHC) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hc2 Holdings Inc. (NYSEMKT:HCHC) reported that Falcone Philip has picked up 6,508,288 of common stock as of 2017-03-20.

The acquisition brings the aggregate amount owned by Falcone Philip to a total of 6,508,288 representing a 13.8% stake in the company.

For those not familiar with the company, HC2 Holdings, Inc. is a holding company. The Company operates through seven segments: Manufacturing (Schuff), Marine Services (GMSL), Insurance, Telecommunications (PTGi-ICS), Utilities, Life Sciences and Other. Schuff fabricates and erects structural steel for commercial and industrial construction projects, such as high- and low-rise buildings and office complexes, hospitals, dams, bridges, mines and power plants. GMSL is an offshore engineering company focused on specialist subsea services across the market sectors, such as telecommunications, oil and gas, and offshore power. The Insurance segment, CIG, provides long-term care, life and annuity coverage to approximately 99,000 individuals through its Insurance Companies. The PTGi-ICS business unit provides customers with Internet-based protocol and time-division multiplexing (TDM) access and transport of long distance voice minutes. The Life Sciences segment focuses on the development of technologies and products in healthcare.

A glance at Hc2 Holdings Inc. (NYSEMKT:HCHC)’s key stats reveals a current market capitalization of 248.28 Million based on 41.94 Million shares outstanding and a price at last close of $5.93 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-14, Falcone picked up 21,000 at a purchase price of $4.53. This brings their total holding to 805,827 as of the date of the filing.

On the sell side, the most recent transaction saw Gerber unload 522,000 shares at a sale price of $7.50. This brings their total holding to 254,372.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hc2 Holdings Inc. (NYSEMKT:HCHC) as things move forward to see if its progress aligns with these transactions.

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Guess Who Picked Health Insurance Innovations Inc. (NASDAQ:HIIQ) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Health Insurance Innovations Inc. (NASDAQ:HIIQ) reported that Kosloske Michael W. has picked up 3,841,767 of common stock as of 2017-03-17.

The acquisition brings the aggregate amount owned by Kosloske Michael W. to a total of 3,841,767 representing a 24.38% stake in the company.

For those not familiar with the company, Health Insurance Innovations, Inc. is a developer, distributor and virtual administrator of individual and family health insurance plans and supplemental products. The Company sells individual and family insurance plans (IFP) that include short-term medical (STM) insurance plans and hospital indemnity plans. The Company operates through Insurance Plan Development and Distribution (IPD) segment. Its STM plans cover individuals for over 360 days with a range of co-pay and deductible options. Its individual major medical (IMM) plans cover prescription drugs, pre-existing conditions and preventive care, while STM plans provide optional coverage for prescription drugs. The Company’s hospital indemnity plans provide a daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits. It provides supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans and cancer/critical illness plans.

A glance at Health Insurance Innovations Inc. (NASDAQ:HIIQ)’s key stats reveals a current market capitalization of 257.67 Million based on 8.04 Million shares outstanding and a price at last close of $16.58 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-09, Murley picked up 9,000 at a purchase price of $16.09. This brings their total holding to 25,700 as of the date of the filing.

On the sell side, the most recent transaction saw Wang unload 3,002 shares at a sale price of $16.95. This brings their total holding to 246,001.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Health Insurance Innovations Inc. (NASDAQ:HIIQ) as things move forward to see if its progress aligns with these transactions.

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Pbra (cayman) Co. is Buying Essent Group Ltd. (NYSE:ESNT) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Essent Group Ltd. (NYSE:ESNT) reported that Pbra (cayman) Co. has picked up 7,267,407 of common stock as of 2017-02-27.

The acquisition brings the aggregate amount owned by Pbra (cayman) Co. to a total of 7,267,407 representing a 7.78% stake in the company.

For those not familiar with the company, Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia. The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.

A glance at Essent Group Ltd. (NYSE:ESNT)’s key stats reveals a current market capitalization of 3.25 billion based on 93.39 million shares outstanding and a price at last close of $34.75 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-07-06, Turnbull picked up 36,353 at a purchase price of $21.33. This brings their total holding to 49,864 as of the date of the filing.

On the sell side, the most recent transaction saw Bhasin unload 13,131 shares at a sale price of $34.06. This brings their total holding to 294,331.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Essent Group Ltd. (NYSE:ESNT) as things move forward to see if its progress aligns with these transactions.

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Guess Who Just Picked Up Axis Capital Holdings Ltd. (NYSE:AXS) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Axis Capital Holdings Ltd. (NYSE:AXS) reported that Vulcan Value Partners, Llc. has picked up 7,943,531 of common stock as of 2017-02-14.

The acquisition brings the aggregate amount owned by Vulcan Value Partners, Llc. to a total of 7,943,531 representing a .98% stake in the company.

For those not familiar with the company, AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re. Its insurance segment operates through offices in Bermuda, the United States, Canada, Europe, Australia and Singapore and offers specialty insurance products to various markets. Its insurance segment’s offerings include property, marine, terrorism, aviation, professional lines, liability and accident and health. Its reinsurance segment operates through offices in Bermuda, the United States, Switzerland, Singapore, Brazil, and Canada. The reinsurance segment provides non-life reinsurance to insurance companies. Its reinsurance segment’s offering include catastrophe; property; professional lines; credit and surety; motor; liability; engineering, and agriculture.

A glance at Axis Capital Holdings Ltd. (NYSE:AXS)’s key stats reveals a current market capitalization of 5.99 billion based on 88.44 million shares outstanding and a price at last close of $67.45 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-09-05, Gressier picked up 176,000   at a purchase price of $42.47. This brings their total holding to 375,375 as of the date of the filing.

On the sell side, the most recent transaction saw Butt unload 34,026 shares at a sale price of $65.85. This brings their total holding to 956,956.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Axis Capital Holdings Ltd. (NYSE:AXS) as things move forward to see if its progress aligns with these transactions.

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