On December 20, 2024, Sean Mcnealy, Co-Founder and President, 10% Owner of Abacus Life Inc (ABL, Financial), sold 75,800 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 12,361,500 shares of the company.
Abacus Life Inc (ABL) is a company that operates in the life settlement industry, providing solutions for policyholders seeking to sell their life insurance policies. The company offers a range of services, including policy valuation, purchasing, and management, aiming to deliver value to both policyholders and investors.
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 Sean Mcnealy contributes to the overall trend of insider selling.
Over the past year, Sean Mcnealy has sold a total of 232,050 shares and has not made any purchases. This activity is consistent with the broader insider selling trend observed at Abacus Life Inc.
As of the date 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 conjunction with other valuation metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating the stock.
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.
