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. The company provided earnings per share guidance of 1.000-1.050 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

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

Abacus Global Management Stock Performance

Abacus Global Management stock opened at $10.41 on Friday. Abacus Global Management has a one year low of $5.00 and a one year high of $12.44. The stock has a market capitalization of $998.53 million, a PE ratio of 26.69 and a beta of 0.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.91 and a current ratio of 1.91. The company has a 50-day simple moving average of $10.18.

Insider Buying and Selling at Abacus Global Management

In other news, major shareholder Kevin Scott Kirby sold 38,334 shares of the firm’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 $395,223.54. Following the sale, the insider directly owned 12,610,305 shares in the company, valued at $130,012,244.55. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sean Mcnealy sold 38,333 shares of Abacus Global Management stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $10.31, for a total transaction 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 trade represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 115,000 shares of company stock valued at $1,185,650. 46.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Abacus Global Management

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

About Abacus Global Management

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.