Matthew Ganovsky Sells 38,333 Shares of Abacus Global Management (NYSE:ABX) Stock

Abacus Global Management, Inc. (NYSE:ABX) major shareholder Matthew Ganovsky sold 38,333 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $10.31, for a total value of $395,213.23. Following the completion of the transaction, the insider owned 8,755,260 shares in the company, valued at $90,266,730.60. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Abacus Global Management Stock Down 1.4%

ABX opened at $10.41 on Friday. Abacus Global Management, Inc. has a 52 week low of $5.00 and a 52 week high of $12.44. The firm’s 50 day moving average is $10.18. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.79. The stock has a market cap of $998.53 million, a P/E ratio of 26.69 and a beta of 0.07.

Institutional Investors Weigh In On Abacus Global Management

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

Analyst Ratings Changes

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

Abacus Global Management News Roundup

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.

About Abacus Global Management

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.