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

In Friday's intraday session, insurance stocks saw notable movements. Gainers included Ambac Financial Group (AMBC), Investors Title (ITIC), Assured Guaranty (AGO), SelectQuote (SLQT), Abacus Life (ABL), and Kingsway Financial Servs (KFS), with increases ranging from 3.03% to 10.6%. Losers were Waterdrop (WDH), Marpai (MRAI), Maiden Hldgs (MHLD), Reliance Global Group (RELI), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Crawford (CRD), with declines between 2.55% and 4.84%. The movements were based on trading volumes and market cap changes, with specific mention of Waterdrop's Q3 earnings release.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:40 pm

In Thursday's intraday session, insurance stocks saw significant movement. Reliance Global Group (RELI) and Marpai (MRAI) were among the top gainers, with shares surging by 50.55% and 47.34%, respectively. Abacus Life (ABL), Crawford (CRD), and Lemonade (LMND) also experienced gains. On the losing side, Fidelis Insurance Holdings (FIHL) dropped by 5.54% after Q3 earnings release 3 days ago, followed by declines in Cheche Group (CCG), Hallmark Financial Services (HALL), Waterdrop (WDH), Hippo Holdings (HIPO), and Palomar Holdings (PLMR). Trading volumes for these stocks were reported to be 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 5:40 pm

In Wednesday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) experienced a substantial increase of 90.35%, while Reliance Global Group (RELI) and Lemonade (LMND) also saw gains. Conversely, Donegal Gr (DGICB), Palomar Hldgs (PLMR), and others faced declines. The article highlights the percentage changes, current trading volumes, and market caps of these companies.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:40 pm

In Tuesday's intraday session, insurance stocks saw significant movement. Marpai, Cheche Group, Reliance Global Group, James River Gr Hldgs, MBIA, and HCI Group were among the gainers, with Marpai leading with a 27.47% increase. On the losing side, Oxbridge Re Holdings, Fidelis Insurance Hldgs, Lemonade, eHealth, Abacus Life, and Prudential saw declines, with Oxbridge Re Holdings dropping 13.01%. Fidelis Insurance Hldgs's decline followed its Q3 earnings release. Trading volumes varied, with some stocks trading above average and others below.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:40 pm

Insurance stocks experienced movement in Monday's intraday session. Trupanion, Lemonade, Fanhua, James River Group Holdings, eHealth, and Abacus Life were gainers, while Huize Holding, Maiden Holdings, Marpai, FG Financial Group, Tian Ruixiang Holdings, and International General Insurance were losers. Volume traded and market cap were highlighted for each, with some companies having recent earnings releases.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 5:40 pm

In Thursday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) surged 101.61% after its Q3 earnings report. Huize Holding (HUIZ), Cheche Group (CCG), FG Finl Gr (FGFPP), Abacus Life (ABL), and Global Indemnity Group (GBLI) also saw gains. Conversely, GoHealth (GOCO), Maiden Hldgs (MHLD), Lemonade (LMND), Root (ROOT), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Reliance Global Group (RELI) experienced declines.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:40 pm

Insurance stocks experienced significant movement in Tuesday's intraday session. Gainers included Trupanion (TRUP), BRP Group (BRP), Lemonade (LMND), eHealth (EHTH), SelectQuote (SLQT), and First American Financial (FAF), with increases ranging from 5.41% to 9.29%. Losers were Conifer Holdings (CNFR), Abacus Life (ABL), RenaissanceRe Holdings (RNR), Reinsurance Gr (RGA), Unum Gr (UNM), and Arch Capital Group (ACGL), with decreases between 1.9% and 8.01%. Notably, eHealth's Q3 earnings were released 4 days ago, Conifer Holdings' Q3 earnings 3 days ago, and Abacus Life's Q3 earnings yesterday.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:40 pm

In Monday's intraday session, insurance stocks saw movement with Waterdrop, Hippo Holdings, Goosehead Insurance, Citizens, Genworth Financial, and Root experiencing gains, while Reliance Global Group, Abacus Life, Fanhua, American Coastal, GoHealth, and FG Financial Group faced declines. The movements were attributed to trading volumes and recent Q3 earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:40 pm

Abacus Life (NASDAQ:ABL) reported a decrease in adjusted EPS to $0.14 in Q3 2023, down from $0.20 YoY. However, sales increased to $21.12M, up from $17.54M YoY, marking a 20.42% rise.

Portfolio Pulse from saritha@benzinga.com

November 13, 2023 | 1:05 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

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