Insider Selling: Abacus Global Management (NYSE:ABX) Major Shareholder Sells $175,698.00 in Stock

Posted by Geri Gentry on Sep 26th, 2026

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) major shareholder Sean Mcnealy sold 22,700 shares of the firm’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 transaction of $175,698.00. Following the completion of the transaction, the insider directly owned 12,506,952 shares of the company’s stock, valued at $96,803,808.48. This represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sean Mcnealy also recently made the following trade(s):

On Friday, September 18th, Sean Mcnealy sold 24,000 shares of Abacus Global Management stock. The stock was sold at an average price of $8.79, for a total value of $210,960.00.
On Tuesday, September 22nd, Sean Mcnealy sold 21,100 shares of Abacus Global Management stock. The stock was sold at an average price of $8.01, for a total value of $169,011.00.
On Monday, September 21st, Sean Mcnealy sold 35,854 shares of Abacus Global Management stock. The shares were sold at an average price of $8.13, for a total value of $291,493.02.
On Monday, August 3rd, Sean Mcnealy sold 38,333 shares of Abacus Global Management stock. The shares were sold at an average price of $10.31, for a total value of $395,213.23.

Abacus Global Management Trading Up 0.6%

NYSE:ABX opened at $8.32 on Friday. Abacus Global Management, Inc. has a 12-month low of $5.00 and a 12-month high of $12.44. The firm has a market cap of $813.32 million, a PE ratio of 29.70 and a beta of 0.06. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $9.55 and a 200 day moving average price of $9.48.

Abacus Global Management announced that its Board of Directors has authorized a stock buyback program on Friday, August 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 12.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting Abacus Global Management

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

Positive Sentiment: Abacus completed a landmark $400 million securitization of life-insurance assets. The dual-tranche transaction received an investment-grade rating, was oversubscribed and was increased in size because of strong institutional fixed-income demand. The successful deal supports Abacus Global Management’s funding capacity and validates the maturity of its securitization platform. Abacus Global Management Completes Landmark $400 Million Securitization
Positive Sentiment: Management said the transaction advances the company’s shift toward more recurring, fee-related revenue. For investors, that could reduce reliance on one-time asset sales and provide a more scalable earnings model if Abacus can repeat similar transactions.
Neutral Sentiment: Abacus Global Management is scheduled to participate in a virtual fireside chat hosted by Autonomous Research. The event may provide additional details on securitization demand, growth plans and revenue visibility, but it does not represent a new financial commitment. Abacus Global Management to Participate in Virtual Fireside Chat
Negative Sentiment: Major shareholders Sean McNealy, Kevin Scott Kirby and Matthew Ganovsky each reported additional sales of roughly 22,700 shares at approximately $7.74 per share. The combined proceeds were about $528,000. Each sale was made under a pre-arranged Rule 10b5-1 plan and represented only a small fraction of the holders’ remaining positions, limiting its fundamental significance but potentially adding near-term selling pressure. Abacus Global Management Insider Trading Activity
Negative Sentiment: The latest transactions follow several other founder sales during September. Continued insider selling may weigh on confidence even though the founders retain substantial ownership and the trades were conducted through established trading plans.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ABX. Texas Capital raised Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. B. Riley Financial reaffirmed a “buy” rating on shares of Abacus Global Management in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abacus Global Management in a research note on Tuesday, September 8th. Finally, Piper Sandler lowered their price target on shares of Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Read Our Latest Research Report on Abacus Global Management

Institutional Trading of Abacus Global Management

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of Abacus Global Management by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 152,101 shares of the company’s stock worth $1,199,000 after acquiring an additional 7,444 shares in the last quarter. Squarepoint Ops LLC raised 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 worth $595,000 after acquiring an additional 9,580 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Abacus Global Management during the 4th quarter worth about $98,000. World Investment Advisors lifted its stake in Abacus Global Management by 89.7% during the first quarter. World Investment Advisors now owns 40,137 shares of the company’s stock worth $316,000 after purchasing an additional 18,975 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Abacus Global Management in the second quarter valued at approximately $221,000.

Abacus Global Management Company Profile

(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.