Insider Selling: Abacus Global Management (NYSE:ABX) Major Shareholder Sells $395,213.23 in Stock

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

Abacus Global Management Stock Performance

Shares of ABX stock opened at $9.56 on Friday. Abacus Global Management, Inc. has a 1 year low of $5.00 and a 1 year high of $12.44. The firm has a market cap of $916.90 million, a PE ratio of 34.14 and a beta of 0.07. The firm’s fifty day moving average price is $10.19. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.79.

Institutional Trading of Abacus Global Management

A number of hedge funds have recently bought and sold shares of ABX. Russell Investments Group Ltd. acquired a new position in shares of Abacus Global Management in the fourth quarter worth about $30,000. New York State Common Retirement Fund acquired a new stake in shares of Abacus Global Management during the fourth quarter valued at approximately $75,000. Police & Firemen s Retirement System of New Jersey purchased 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 4th quarter valued at approximately $86,000. Finally, Intech Investment Management LLC acquired a new position in Abacus Global Management in the 4th quarter worth approximately $96,000.

Key Stories 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

Analysts Set New Price Targets

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

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.