Q1 Earnings Estimate for ABX Issued By Northland Securities

Abacus Global Management, Inc. (NYSE:ABX) – Investment analysts at Northland Securities issued their Q1 2027 earnings per share estimates for Abacus Global Management in a research note issued on Wednesday, August 26th. Northland Securities analyst M. Grondahl anticipates that the company will post earnings per share of $0.27 for the quarter. The consensus estimate for Abacus Global Management’s current full-year earnings is $1.04 per share. Northland Securities also issued estimates for Abacus Global Management’s Q2 2027 earnings at $0.30 EPS, Q3 2027 earnings at $0.33 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.24 EPS.

Several other equities analysts have also recently issued reports on the stock. Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. 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. Piper Sandler cut their price objective on shares of Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Finally, B. Riley Financial reissued 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Abacus Global Management Trading Down 1.1%

Abacus Global Management stock opened at $9.77 on Thursday. The firm has a market cap of $955.41 million, a PE ratio of 34.89 and a beta of 0.07. Abacus Global Management has a 12 month low of $5.00 and a 12 month high of $12.44. The stock’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $9.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.

Institutional Investors Weigh In On Abacus Global Management

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

Insider Buying and Selling

In other news, CEO Jay J. Jackson sold 196,000 shares of Abacus Global Management stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $8.77, for a total value of $1,718,920.00. Following the sale, the chief executive officer owned 10,397,430 shares in the company, valued at $91,185,461.10. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Matthew Ganovsky sold 38,333 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $10.31, for a total transaction of $395,213.23. Following the sale, the insider directly owned 8,755,260 shares of the company’s stock, valued at $90,266,730.60. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 436,000 shares of company stock worth $4,042,070 in the last 90 days. 46.40% of the stock is owned by insiders.

Abacus Global Management declared that its board has approved a stock buyback plan on Friday, August 14th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.