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

Abacus Global Management, Inc. (NYSE:ABX - Get Free Report) insider Kevin Scott Kirby sold 2,386 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $8.38, for a total value of $19,994.68. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.Abacus Global Management Trading Up 4.6%Shares of NYSE:ABX traded up $0.39 on Wednesday, hitting $8.88. 1,364,248 shares of the company's stock were exchanged, compared to its average volume of 476,904. Abacus Global Management, Inc. has a 1-year low of $4.60 and a 1-year high of $9.61. The stock has a market cap of $868.02 million, a P/E ratio of 111.00 and a beta of -0.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.93 and a current ratio of 0.93. Wall Street Analysts Forecast GrowthABX has been the topic of a number of research analyst reports. Weiss Ratings assumed coverage on shares of Abacus Global Management in a report on Thursday, January 29th. They set a "hold (c-)" rating on the stock. Zacks Research lowered shares of Abacus Global Management from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".Check Out Our Latest Stock Report on ABXInstitutional Trading of Abacus Global ManagementInstitutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in Abacus Global Management during the 4th quarter worth $30,000. New York State Common Retirement Fund acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $75,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $83,000. Summit Wealth & Retirement Planning Inc. purchased a new position in shares of Abacus Global Management during the fourth quarter worth about $86,000. Finally, Intech Investment Management LLC acquired a new position in Abacus Global Management in the 4th quarter valued at about $96,000. About Abacus Global Management (Get Free Report)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. Featured StoriesFive stocks we like better than Abacus Global ManagementYour Bank Account Is No Longer SafeWhat a Former CIA Agent Knows About the Coming CollapseThe gold chart Wall Street is terrified of…Have $500? Invest in Elon’s AI MasterplanURGENT: Trump Just Triggered AI’s Biggest Disruption YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Abacus Global Management Right Now?Before you consider Abacus Global Management, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abacus Global Management wasn't on the list.While Abacus Global Management currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here