Insider Selling: Abacus Global Management (NYSE:ABX) Major Shareholder Sells $395,223.54 in Stock

Abacus Global Management, Inc. (NYSE:ABX) major shareholder Kevin Scott Kirby sold 38,334 shares of Abacus Global Management stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $10.31, for a total value of $395,223.54. Following the transaction, the insider owned 12,610,305 shares in the company, valued at approximately $130,012,244.55. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Abacus Global Management Stock Down 8.1%

Shares of ABX opened at $9.56 on Friday. Abacus Global Management, Inc. has a 52-week low of $5.00 and a 52-week high of $12.44. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $10.19. The firm has a market cap of $916.90 million, a P/E ratio of 34.14 and a beta of 0.07.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ABX shares. B. Riley Financial reissued a “buy” rating on shares of Abacus Global Management in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Wall Street Zen cut Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Texas Capital upgraded Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Piper Sandler decreased their price target on Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. purchased a new position in shares of Abacus Global Management in the 4th quarter valued at about $17,554,000. Mendon Capital Advisors Corp purchased a new stake in Abacus Global Management during the fourth quarter worth approximately $17,207,000. Royce & Associates LP acquired a new position in Abacus Global Management in the fourth quarter valued at approximately $16,992,000. Goldman Sachs Group Inc. acquired a new position in Abacus Global Management in the fourth quarter valued at approximately $10,409,000. Finally, Alta Fundamental Advisers LLC purchased a new position in Abacus Global Management in the fourth quarter valued at approximately $9,385,000.

Key Headlines Impacting Abacus Global Management

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

• Positive Sentiment: Abacus reported quarterly earnings of $0.28 per share, exceeding the Zacks consensus estimate of $0.25 and improving from $0.22 a year earlier. Abacus Global Management Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Fiscal 2026 EPS guidance of $1.00-$1.05 has a midpoint of $1.025, slightly above the $1.01 analyst consensus, suggesting management remains positioned to meet or modestly exceed full-year expectations.
• Neutral Sentiment: Reports on the quarter are inconsistent: Zacks cited a $0.28 EPS beat, while another earnings report listed EPS of $0.23, $0.02 below consensus. The discrepancy may be contributing to investor uncertainty.
• Neutral Sentiment: Third-quarter EPS guidance of $0.26-$0.28 has a midpoint of $0.27, matching consensus and indicating expectations are largely unchanged.
• Negative Sentiment: Piper Sandler lowered its price target from $13 to $12 and maintained a “Neutral” rating. Although the revised target still implies substantial potential upside from the recent trading level, the reduction signals a more cautious view of Abacus’s near-term valuation. Piper Sandler Lowers Abacus Global Management Price Target
• Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold approximately 38,333-38,334 shares at about $10.31 per share. The sales reduced their individual holdings only modestly, but multiple large-holder transactions can weigh on sentiment. Abacus Global Management Major Shareholder Sale

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.