Streetbeat News

ABL

Abacus Life, Inc.

https://abacuslife.com

Industry

Insurance - Life

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.

Open

8.63

Mkt cap

658M

Volume

45K

High

9.24

P/E Ratio

-62.93

52-wk high

13.25

Low

8.63

Div yield

N/A

52-wk low

5.75

Abacus Life (NASDAQ:ABL) reported Q2 2024 earnings of $0.18 per share, beating the analyst estimate of $0.12 by 50%. Sales were $29.076M, surpassing the $26.162M estimate and showing a 155.52% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:05 am

TD Cowen has initiated coverage on Abacus Life (NASDAQ:ABL) with a Buy rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:03 pm

Abacus Life, Inc. (NASDAQ: ABL) has announced a definitive agreement to acquire FCF Advisors, adding up to $600 million in assets under management (AUM) to Abacus. The acquisition aligns with Abacus' expansion of ABL Wealth and its diverse suite of products.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:43 pm

Abacus Life shares are trading higher after the company reported preliminary Q2 revenue results above estimates and announced a definitive agreement to acquire Carlisle Management Company.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:46 pm

Western Alliance Bancorporation (NYSE:WAL) posted upbeat earnings, leading to a 7.2% rise in its stock price. Other notable gainers include Hawaiian Electric Industries (NYSE:HE), Abacus Life Inc (NASDAQ:ABL), and Intuitive Surgical, Inc. (NASDAQ:ISRG). The Dow Jones index fell around 250 points.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 2:30 pm

Abacus Life shares are trading higher after the company reported preliminary Q2 revenue results above estimates and announced a definitive agreement to acquire Carlisle Management Company.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:44 pm

Abacus Life remains on track to achieve its 2024 goals, expecting Q2 net income between $0.0 and $1.0 million and Adjusted EBITDA between $15.0 and $17.0 million. The company completed a public offering generating over $90 million in net proceeds to pursue growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:20 pm

Abacus Life has reported preliminary Q2 total revenue of $28M - $30M, representing a year-over-year increase of 146-163%, surpassing the estimated $21.893M.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:17 pm

Abacus Life is set to acquire Carlisle Management for $200 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:08 pm

Piper Sandler has initiated coverage on Abacus Life (NASDAQ:ABL) with an Overweight rating and set a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:33 am

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