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

8.44

Mkt cap

623M

Volume

41K

High

8.51

P/E Ratio

-37.91

52-wk high

13.25

Low

8.12

Div yield

N/A

52-wk low

5.85

Abacus Life, Inc. (NASDAQ:ABL) has repurchased 206,050 shares at an average price of $9.26, spending approximately $1.9 million in the first 30 days of its $15 million stock repurchase program. The program, which began on December 12, 2023, has $13.1 million remaining and will expire on June 10, 2025. The company's CEO, Jay Jackson, expressed confidence in the business and its growth initiatives. Repurchases may continue through various methods and will be funded by cash on hand and future free cash flow.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:15 pm

In Monday's intraday session, insurance stocks saw movement with SelectQuote (SLQT), Abacus Life (ABL), Cheche Group (CCG), Huize Holding (HUIZ), MBIA (MBI), and Root (ROOT) recording gains, while Conifer Holdings (CNFR), Waterdrop (WDH), Donegal Gr (DGICB), Global Indemnity Group (GBLI), Fanhua (FANH), and Oxbridge Re Holdings (OXBR) experienced losses. All mentioned stocks traded at 0% of their average full-day volume over the last 100 days as of 12:40 EST.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:40 pm

In Wednesday's intraday session, insurance stocks saw movement with Kingstone Companies (KINS), Fanhua (FANH), Abacus Life (ABL), Arch Capital Group (ACGL), Ambac Financial Group (AMBC), and Axis Capital Holdings (AXS) experiencing gains, while FG Finl Gr (FGF), Trupanion (TRUP), Global Indemnity Group (GBLI), Lemonade (LMND), Fidelity National Finl (FNF), and Prudential (PUK) saw declines. The movements were reported with respect to their trading volumes and market caps as of 12:40 EST.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 5:40 pm

In Tuesday's intraday session, insurance stocks saw notable movements. Abacus Life (ABL) led the gainers, rising 7.91% to $10.43, while Oxbridge Re Holdings (OXBR) led the losers, declining 4.55% to $1.05. Other gainers included James River Gr Hldgs (JRVR), American Coastal (ACIC), Trupanion (TRUP), Hallmark Financial Servs (HALL), and Marpai (MRAI). Losers comprised Crawford (CRD), Kingstone Companies (KINS), Global Indemnity Group (GBLI), and Greenlight Capital Re (GLRE). Trading volumes for these stocks were at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:40 pm

In Thursday's intraday session, insurance stocks saw movement with Tian Ruixiang Holdings, Abacus Life, Huize Holding, White Mountains Insurance, Root, and GoHealth experiencing gains, while Hallmark Financial Services, Reliance Global Group, American Coastal, Hippo Holdings, Cheche Group, and Heritage Insurance Holdings faced losses. The changes in stock prices were accompanied by trading volumes that were consistent with their 100-day average volumes.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:40 pm

In Tuesday's intraday session, several insurance stocks experienced notable movements. Gainers included Abacus Life (ABL), Maiden Hldgs (MHLD), Cheche Group (CCG), American Coastal (ACIC), Tiptree (TIPT), and Brighthouse Finl (BHFAM), with increases ranging from 1.8% to 6.29%. On the losing side, Hallmark Financial Servs (HALL), Hippo Holdings (HIPO), NI Holdings (NODK), Marpai (MRAI), Kingstone Companies (KINS), and SelectQuote (SLQT) saw declines between 1.65% and 4.03%. All stocks traded at volumes representing 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:40 pm

Abacus Life Inc (NASDAQ:ABL) shares increased by 12.3% to $7.75 after announcing a $15 million stock repurchase program. The CEO is confident in the company's growth and shareholder value. The repurchase method may vary, and the program can be adjusted or halted. Financing will come from existing cash and future cash flow. ABL's 52-week range is between $5.47 and $11.43.

Portfolio Pulse from Henry Khederian

December 12, 2023 | 7:52 pm

In Tuesday's intraday session, insurance stocks saw significant movements. Abacus Life (ABL and ABLLL), BRP Group (BRP), Reliance Global Group (RELI), RenaissanceRe Holdings (RNR), and White Mountains Insurance (WTM) were among the gainers. Conversely, Marpai (MRAI), Fanhua (FANH), Cheche Group (CCG), Kingstone Companies (KINS), Lemonade (LMND), and Waterdrop (WDH) were the losers. Notably, Waterdrop's Q3 earnings were released three days ago.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:40 pm

Abacus Life's stock price is on the rise following the announcement of a $15 million stock repurchase program. The buyback plan signals the company's confidence in its financial health and future prospects, which could be a positive indicator for investors and may lead to an increase in shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:47 pm

Abacus Life, a company that may be referred to as ABL in the article, has announced a stock repurchase program of up to $15 million. This program reflects the company's confidence in its own stock and is typically seen as a positive signal to the market, as it can indicate that the company believes its stock is undervalued. The repurchase program may lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock's value for remaining shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.