Equities Analysts Issue Forecasts for ABX FY2026 Earnings

Abacus Global Management, Inc. (NYSE:ABX) – Research analysts at Northland Securities raised their FY2026 earnings per share estimates for Abacus Global Management in a research report issued on Thursday, November 5th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings of $1.06 per share for the year, up from their previous estimate 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.

A number of other research firms have also weighed in on ABX. Piper Sandler reduced 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. Weiss Ratings downgraded shares of Abacus Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Abacus Global Management in a report 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.00.

Abacus Global Management Stock Up 2.8%

NYSE:ABX opened at $9.03 on Monday. The firm’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $9.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70. Abacus Global Management has a one year low of $5.57 and a one year high of $12.44. The company has a market cap of $882.65 million, a PE ratio of 9.95 and a beta of 0.08.

Abacus Global Management (NYSE:ABX) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $76.88 million during the quarter. Abacus Global Management had a return on equity of 21.03% and a net margin of 10.55%. During the same period in the prior year, the company earned $0.07 EPS.

Abacus Global Management Dividend Announcement

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

Abacus Global Management announced that its Board of Directors has authorized a share buyback program on Friday, August 14th that allows the company to repurchase $100 million in shares. This repurchase authorization allows the company to reacquire up to 12.2% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, major shareholder Kevin Kirby sold 22,745 shares of Abacus Global Management stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $7.74, for a total value of $176,046.30. Following the transaction, the insider directly owned 12,506,060 shares of the company’s stock, valued at $96,796,904.40. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Sean Mcnealy sold 22,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $7.74, for a total value of $175,698.00. Following the completion of the sale, the insider owned 12,506,952 shares in the company, valued at $96,803,808.48. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 633,011 shares of company stock valued at $5,406,352. Company insiders own 46.40% of the company’s stock.

Institutional Investors Weigh In On Abacus Global Management

Several large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Abacus Global Management by 3.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,141,322 shares of the company’s stock worth $9,005,000 after acquiring an additional 34,616 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Abacus Global Management during the 3rd quarter valued at about $31,000. Engineers Gate Manager LP boosted its position in shares of Abacus Global Management by 86.0% during the 2nd quarter. Engineers Gate Manager LP now owns 56,557 shares of the company’s stock valued at $606,000 after purchasing an additional 26,157 shares in the last quarter. Squarepoint Ops LLC boosted 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 purchasing an additional 9,580 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC grew its stake in Abacus Global Management by 31.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 205,787 shares of the company’s stock worth $2,204,000 after purchasing an additional 49,447 shares during the period.

About Abacus Global Management

Abacus Global Management, Inc is an alternative asset management company focused on longevity-linked assets and insurance-related financial products. Through its operating businesses, the company originates, acquires and manages life insurance policies, including life settlements, in which policyholders receive an upfront payment in exchange for transferring policy ownership and future benefits.

The company provides services across the life-settlement and insurance-asset lifecycle, including policy sourcing, underwriting, portfolio management, servicing and institutional asset management.