Brokers Set Expectations for ABX FY2026 Earnings

Abacus Global Management, Inc. (NYSE:ABX) – Northland Securities boosted their FY2026 earnings per share (EPS) estimates for Abacus Global Management in a report released on Thursday, November 5th. Northland Securities analyst M. Grondahl now forecasts that the company will earn $1.06 per share for the year, up from their previous forecast of $1.04. The consensus estimate for Abacus Global Management’s current full-year earnings is $1.06 per share. Northland Securities also issued estimates for Abacus Global Management’s Q2 2027 earnings at $0.29 EPS.

ABX has been the subject of several other research reports. Weiss Ratings cut shares of Abacus Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Piper Sandler lowered their target price on shares of Abacus Global Management from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Abacus Global Management in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Abacus Global Management Stock Performance

Shares of ABX opened at $9.16 on Monday. The stock has a market capitalization of $895.85 million, a P/E ratio of 8.99 and a beta of 0.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. Abacus Global Management has a 1 year low of $5.57 and a 1 year high of $12.44. The company’s fifty day moving average is $8.60 and its two-hundred day moving average is $9.18.

Abacus Global Management (NYSE:ABX) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Abacus Global Management had a return on equity of 23.50% and a net margin of 12.67%. The firm had revenue of $76.88 million during the quarter. During the same period in the prior year, the business earned $0.07 earnings per share.

Institutional Trading of Abacus Global Management

Institutional investors have recently added to or reduced their stakes in the stock. Ashford Capital Management Inc. acquired a new position in Abacus Global Management during the first quarter worth about $6,815,000. Capital Investment Advisory Services LLC purchased a new position in Abacus Global Management in the second quarter valued at about $697,000. Sei Investments Co. lifted its position in shares of Abacus Global Management by 39.6% during the 1st quarter. Sei Investments Co. now owns 204,620 shares of the company’s stock valued at $1,612,000 after acquiring an additional 57,993 shares during the period. Squarepoint Ops LLC lifted its position in shares of Abacus Global Management by 20.8% during the 2nd quarter. Squarepoint Ops LLC now owns 55,551 shares of the company’s stock valued at $595,000 after acquiring an additional 9,580 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Abacus Global Management during the 2nd quarter valued at approximately $221,000.

Insider Buying and Selling at Abacus Global Management

In other Abacus Global Management news, major shareholder Matthew Ganovsky sold 22,800 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $7.74, for a total transaction of $176,472.00. Following the sale, the insider directly owned 8,651,148 shares in the company, valued at approximately $66,959,885.52. The trade was a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Kevin Kirby sold 22,745 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $7.74, for a total transaction of $176,046.30. Following the transaction, the insider directly owned 12,506,060 shares in the company, valued at approximately $96,796,904.40. This trade represents a 0.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 437,011 shares of company stock valued at $3,687,432. 46.40% of the stock is owned by company insiders.

Abacus Global Management Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, December 1st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a yield of 251.0%.

Abacus Global Management announced that its Board of Directors has approved a stock buyback program on Friday, August 14th that permits the company to buy back $100 million in outstanding shares. This buyback authorization permits the company to repurchase up to 12.2% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s management believes its shares are undervalued.

About Abacus Global Management

Abacus Global Management, Inc. (NYSE: ABX) is an alternative asset manager focused on longevity-linked assets, particularly life insurance policies. Through its life settlement business, the company helps policyholders sell eligible policies to investors and acquires policies for management in investment portfolios. The company also provides related services, including policy valuation, portfolio management and servicing. Formerly known as Abacus Life, Inc., it has roots in the life settlement industry dating to 2004.