Abacus Global Management (NYSE:ABX) Major Shareholder Sells 24,000 Shares

Posted by Brenda Bartman on Sep 22nd, 2026

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) major shareholder Kevin Kirby sold 24,000 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $8.79, for a total transaction of $210,960.00. Following the sale, the insider owned 12,586,305 shares of the company’s stock, valued at $110,633,620.95. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Kevin Scott Kirby also recently made the following trade(s):

On Tuesday, September 22nd, Kevin Kirby sold 21,100 shares of Abacus Global Management stock. The shares were sold at an average price of $8.01, for a total value of $169,011.00.
On Monday, September 21st, Kevin Kirby sold 36,400 shares of Abacus Global Management stock. The stock was sold at an average price of $8.13, for a total transaction of $295,932.00.
On Monday, August 3rd, Kevin Kirby sold 38,334 shares of Abacus Global Management stock. The stock was sold at an average price of $10.31, for a total transaction of $395,223.54.

Abacus Global Management Stock Down 0.2%

ABX stock traded down $0.01 during midday trading on Tuesday, hitting $8.04. The company’s stock had a trading volume of 821,523 shares, compared to its average volume of 476,388. The stock has a market capitalization of $785.74 million, a P/E ratio of 28.70 and a beta of 0.06. The company’s fifty day moving average price is $9.69 and its 200 day moving average price is $9.52. 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, Inc. has a twelve month low of $5.00 and a twelve month high of $12.44.

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

Institutional Trading of Abacus Global Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP grew its holdings in Abacus Global Management by 86.0% during the second 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 during the period. Squarepoint Ops LLC raised its position in shares of Abacus Global Management by 20.8% in the second quarter. Squarepoint Ops LLC now owns 55,551 shares of the company’s stock worth $595,000 after buying an additional 9,580 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of Abacus Global Management by 31.6% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 205,787 shares of the company’s stock valued at $2,204,000 after acquiring an additional 49,447 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Abacus Global Management during the second quarter valued at approximately $221,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Abacus Global Management during the 2nd quarter worth $285,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research report on Tuesday, September 8th. Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Abacus Global Management in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Abacus Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Check Out Our Latest Stock Analysis on Abacus Global Management

Trending Headlines about Abacus Global Management

Here are the key news stories impacting Abacus Global Management this week:

Neutral Sentiment: A head-to-head comparison of Abacus Global Management and OLB Group was published, but the available information does not identify a specific new catalyst for ABX. Head to Head Contrast: Abacus Global Management vs. OLB Group
Negative Sentiment: Major shareholder Matthew Ganovsky sold 81,312 shares across September 18, 21 and 22 for approximately $674,349. He still owned about 8.67 million shares after the transactions. The sales represented relatively small reductions in his position and were conducted under a 10b5b1 plan. SEC filing for Matthew Ganovsky transactions
Negative Sentiment: Major shareholder Kevin Scott Kirby sold 81,500 shares over the same period for approximately $675,903. He retained roughly 12.53 million shares, making the sales a limited reduction in his overall stake. SEC filing for Kevin Scott Kirby transactions
Negative Sentiment: Major shareholder Sean McNealy sold 56,954 shares on September 21 and 22 for approximately $460,504, while continuing to own about 12.53 million shares. Across all three shareholders, sales totaled approximately 219,766 shares worth $1.81 million. SEC filing for Sean McNealy transactions

About Abacus Global Management

(Get Free Report)

Abacus Global Management, Inc (NYSE: ABX) is an alternative asset management company focused on longevity-related assets, including life insurance policies. Through its platform, the company acquires life insurance policies from policyholders, provides liquidity to policy sellers, and manages portfolios of policies through maturity or other disposition.

The company’s activities include life settlement origination, policy servicing, portfolio management and investment management. Its business is designed to provide institutional and other investors with access to the life settlement market, in which investment returns are linked in part to policy values and the longevity of insured individuals.

Abacus Global Management traces its operating roots to Abacus Life, a life settlement provider established in 2004.