Texas Capital upgraded shares of Abacus Global Management (NYSE:ABX – Free Report) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.
A number of other research firms have also recently commented on ABX. Piper Sandler raised their target price on Abacus Global Management from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen cut Abacus Global Management from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.00.
Abacus Global Management Stock Performance
Abacus Global Management (NYSE:ABX – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Abacus Global Management had a return on equity of 20.02% and a net margin of 15.63%.The business had revenue of $71.90 million during the quarter. As a group, analysts forecast that Abacus Global Management will post 1.01 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Abacus Global Management during the 4th quarter worth approximately $30,000. New York State Common Retirement Fund acquired a new position in shares of Abacus Global Management during the 4th quarter worth approximately $75,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Abacus Global Management during the 4th quarter worth approximately $83,000. Summit Wealth & Retirement Planning Inc. acquired a new position in shares of Abacus Global Management during the 4th quarter worth approximately $86,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at approximately $96,000.
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.
Further Reading
- Five stocks we like better than Abacus Global Management
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
Receive News & Ratings for Abacus Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abacus Global Management and related companies with MarketBeat.com's FREE daily email newsletter.
