Abacus Global Management (NYSE:ABX) Updates FY 2026 Earnings Guidance

Abacus Global Management (NYSE:ABX) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.000-1.050 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of -. Abacus Global Management also updated its Q3 2026 guidance to 0.260-0.280 EPS.

Wall Street Analyst Weigh In

ABX has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Piper Sandler raised their target price on Abacus Global Management from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Wall Street Zen lowered Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.00.

Abacus Global Management Price Performance

Shares of Abacus Global Management stock traded down $0.15 during trading on Thursday, hitting $10.41. 559,232 shares of the company’s stock traded hands, compared to its average volume of 604,224. The stock has a market cap of $998.53 million, a PE ratio of 26.69 and a beta of 0.07. The stock has a 50-day simple moving average of $10.15. Abacus Global Management has a 1 year low of $5.00 and a 1 year 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.

Insider Transactions at Abacus Global Management

In other Abacus Global Management news, major shareholder Sean Mcnealy sold 38,333 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $10.31, for a total value of $395,213.23. Following the completion of the sale, the insider owned 12,610,606 shares in the company, valued at approximately $130,015,347.86. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kevin Scott Kirby sold 38,334 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $10.31, for a total transaction of $395,223.54. Following the transaction, the insider owned 12,610,305 shares of the company’s stock, valued at approximately $130,012,244.55. This represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,000 shares of company stock valued at $1,185,650 over the last three months. Corporate insiders own 46.40% of the company’s stock.

Key Headlines Impacting Abacus Global Management

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

• Positive Sentiment: Abacus Global Management issued fiscal 2026 EPS guidance of $1.00-$1.05, with the midpoint of $1.025 modestly above the $1.01 consensus estimate. Third-quarter EPS guidance of $0.26-$0.28 also brackets the $0.27 consensus estimate, suggesting management is maintaining its earnings outlook.
• Positive Sentiment: Analyst sentiment remains generally favorable. Piper Sandler raised its price target to $13 and maintained a neutral rating, while Texas Capital upgraded the stock to “strong buy.” The overall consensus rating is “Moderate Buy,” with a $13 target price. Abacus Global Management analyst and stock information
• Neutral Sentiment: Several institutional investors recently established or increased positions in ABX, including Ashford Capital Management, SEI Investments, the State of Wyoming and Bank of New York Mellon. These transactions indicate continued institutional interest but do not necessarily signal an immediate change in fundamentals.
• Negative Sentiment: Abacus Global Management reported quarterly EPS of $0.23, missing the $0.25 consensus estimate by $0.02. Revenue totaled $73.02 million. The company’s 20.02% return on equity and 15.63% net margin provide some support, but the earnings miss is the clearest near-term pressure on the stock.
• Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold approximately 38,333 shares at about $10.31 per share, for combined proceeds of roughly $1.19 million. The sales reduced their individual holdings by only 0.30%-0.44%, limiting the significance, but insider selling can weigh on investor sentiment. Abacus Global Management insider trading report

Hedge Funds Weigh In On Abacus Global Management

A number of large investors have recently added to or reduced their stakes in ABX. Russell Investments Group Ltd. acquired a new stake in Abacus Global Management in the 4th quarter worth approximately $30,000. New York State Common Retirement Fund purchased a new stake in shares of Abacus Global Management in the 4th quarter valued at $75,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Abacus Global Management in the fourth quarter worth $83,000. Intech Investment Management LLC acquired a new stake in shares of Abacus Global Management in the fourth quarter worth $96,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Abacus Global Management during the fourth quarter worth $98,000.

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.