Abacus Global Management (NYSE:ABX) Major Shareholder Kevin Scott Kirby Sells 21,100 Shares

22 Sep 2026, 21:08 by Amy Steele · The Cerbat Gem

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) major shareholder Kevin Kirby sold 21,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $8.01, for a total value of $169,011.00. Following the transaction, the insider directly owned 12,528,805 shares of the company’s stock, valued at $100,355,728.05. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sales and purchases with the SEC.

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

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 value of $295,932.00.
On Friday, September 18th, Kevin Kirby sold 24,000 shares of Abacus Global Management stock. The shares were sold at an average price of $8.79, for a total transaction of $210,960.00.
On Monday, August 3rd, Kevin Kirby sold 38,334 shares of Abacus Global Management stock. The shares were sold at an average price of $10.31, for a total value of $395,223.54.

Abacus Global Management Price Performance

Shares of NYSE:ABX traded down $0.01 during trading hours on Tuesday, hitting $8.04. 821,523 shares of the company’s stock traded hands, compared to its average volume of 476,388. The company’s fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $9.52. The company has a market cap of $785.74 million, a price-to-earnings ratio of 28.70 and a beta of 0.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. Abacus Global Management, Inc. has a 52 week low of $5.00 and a 52 week high of $12.44.

Abacus Global Management announced that its Board of Directors has approved a share repurchase plan on Friday, August 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Abacus Global Management

Institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP raised its position in shares of Abacus Global Management by 86.0% in the second quarter. Engineers Gate Manager LP now owns 56,557 shares of the company’s stock valued at $606,000 after buying an additional 26,157 shares in the last quarter. Squarepoint Ops LLC lifted 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 valued at $595,000 after acquiring an additional 9,580 shares during the period. Grandeur Peak Global Advisors LLC grew its holdings in shares of Abacus Global Management by 31.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 205,787 shares of the company’s stock worth $2,204,000 after purchasing an additional 49,447 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Abacus Global Management in the second quarter worth $221,000. Finally, Hsbc Holdings PLC acquired a new position in Abacus Global Management in the second quarter valued at about $285,000.

More Abacus Global Management News

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research report on Tuesday, September 8th. Piper Sandler lowered 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. Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Abacus Global Management in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.00.

View Our Latest Report on ABX

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.