Abacus Global Management (NYSE:ABX) Insider Kevin Scott Kirby Sells 2,386 Shares

Abacus Global Management, Inc. (NYSE:ABX) insider Kevin Scott Kirby sold 2,386 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $8.38, for a total value of $19,994.68. Following the sale, the insider owned 12,464,670 shares in the company, valued at approximately $104,453,934.60. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Abacus Global Management Trading Up 4.6%

Shares of NYSE ABX opened at $8.88 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.93 and a quick ratio of 0.93. Abacus Global Management, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $9.61. The firm has a market capitalization of $868.02 million, a PE ratio of 111.00 and a beta of -0.10.

Analysts Set New Price Targets

ABX has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Abacus Global Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings initiated coverage on shares of Abacus Global Management in a research note on Thursday, January 29th. They set a “hold (c-)” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Trading of Abacus Global Management

Several institutional investors and hedge funds have recently modified their holdings of ABX. Russell Investments Group Ltd. purchased a new position in shares of Abacus Global Management during the fourth quarter worth about $30,000. New York State Common Retirement Fund purchased a new stake in Abacus Global Management in the fourth quarter valued at approximately $75,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Abacus Global Management during the fourth quarter valued at approximately $83,000. Summit Wealth & Retirement Planning Inc. purchased a new position in Abacus Global Management in the 4th quarter worth approximately $86,000. Finally, Intech Investment Management LLC purchased a new position in Abacus Global Management in the 4th quarter worth approximately $96,000.

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.