On December 20, 2024, Matthew Ganovsky, Co-Founder and President, 10% Owner of Abacus Life Inc (ABL, Financial), sold 75,800 shares of the company. Following this transaction, the insider now owns 10,014,154 shares of the company. The transaction details can be found in the SEC Filing.
Abacus Life Inc (ABL) is a company that operates in the life insurance sector, focusing on the acquisition and management of life insurance policies. The company provides solutions for policyholders seeking liquidity and offers a range of services related to life settlements.
The insider transaction history for Abacus Life Inc shows a trend of more insider sells than buys over the past year. Specifically, there have been 3 insider buys and 8 insider sells during this period. This recent sale by Matthew Ganovsky is part of a broader pattern of insider activity.
Over the past year, Matthew Ganovsky has sold a total of 232,050 shares and has not purchased any shares. This indicates a consistent trend of selling by the insider.
On the day of the recent sale, shares of Abacus Life Inc were trading at $8 each, giving the stock a market cap of $732.362 million. Investors may consider this information in the context of the company's valuation metrics, such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
