Kevin Scott Kirby Sells 38,334 Shares of Abacus Global Management (NYSE:ABX) Stock

Abacus Global Management, Inc. (NYSE:ABX) major shareholder Kevin Scott Kirby sold 38,334 shares of Abacus Global Management stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $10.31, for a total value of $395,223.54. Following the completion of the sale, the insider directly owned 12,610,305 shares in the company, valued at $130,012,244.55. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Abacus Global Management Trading Down 1.4%

Shares of Abacus Global Management stock opened at $10.41 on Friday. The company’s 50 day moving average price is $10.18. Abacus Global Management, Inc. has a 12 month low of $5.00 and a 12 month high of $12.44. The company has a market capitalization of $998.53 million, a price-to-earnings ratio of 26.69 and a beta of 0.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.91 and a current ratio of 1.91.

Institutional Investors Weigh In On Abacus Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABX. Russell Investments Group Ltd. bought a new stake in shares of Abacus Global Management in the 4th quarter valued at approximately $30,000. New York State Common Retirement Fund purchased a new stake in shares of Abacus Global Management in the fourth quarter valued at $75,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Abacus Global Management in the 4th quarter worth about $83,000. Summit Wealth & Retirement Planning Inc. bought a new stake in shares of Abacus Global Management during the 4th quarter worth approximately $86,000. Finally, Intech Investment Management LLC bought a new stake in shares of Abacus Global Management during the fourth quarter worth $96,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Piper Sandler lifted their price objective on shares of Abacus Global Management from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Abacus Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Trending Headlines about Abacus Global Management

Here are the key news stories impacting Abacus Global Management this week:

• Positive Sentiment: One earnings report stated that Abacus earned $0.28 per share, exceeding the $0.25 consensus estimate and improving from $0.22 a year earlier. Revenue was reported at approximately $73.0 million. Abacus Global Management Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains moderately constructive. Piper Sandler raised its price target to $13, while Texas Capital upgraded the stock to “strong buy.” The reported consensus target is $13, implying potential upside from recent trading levels.
• Neutral Sentiment: Fiscal 2026 EPS guidance of $1.00-$1.05 is broadly in line with the $1.01 consensus estimate. Third-quarter guidance of $0.26-$0.28 also brackets the $0.27 consensus, suggesting limited near-term guidance surprise.
• Neutral Sentiment: Published earnings figures are inconsistent: MarketBeat reported quarterly EPS of $0.23, below the $0.25 consensus, while Zacks reported $0.28 and a beat. Investors may await the company’s official filing or earnings call for clarification.
• Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold roughly 38,333-38,334 shares at about $10.31 per share. Although each transaction reduced the holder’s position by less than 0.5%, the cluster of sales may weigh on sentiment.

Abacus Global Management Company Profile

Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.