Abacus Life(ABL)
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Abacus Life, Inc. (ABL) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-12-27 02:01
Abacus Life, Inc. (ABL) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The ...
Wall Street Analysts Think Abacus Life, Inc. (ABL) Could Surge 86.27%: Read This Before Placing a Bet
ZACKS· 2024-12-23 23:56
Shares of Abacus Life, Inc. (ABL) have gained 2.3% over the past four weeks to close the last trading session at $7.72, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $14.38 indicates a potential upside of 86.3%.The mean estimate comprises four short-term price targets with a standard deviation of $1.80. While the lowest estimate of $13 indicates a 68.4% increase from the curre ...
Abacus Life Completes Acquisition of Carlisle Management Company S.C.A.
GlobeNewswire News Room· 2024-12-02 23:38
ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has completed the acquisition of Carlisle Management Company S.C.A. (“Carlisle”), a leading Luxembourg-based investment fund manager in the life settlement space with over U.S. $2 billion in assets under management. The Ca ...
Abacus Life Targets Close of the Acquisition of Carlisle Management Company S.C.A. for December 2, 2024 with Receipt of Regulatory Non-Objection
GlobeNewswire News Room· 2024-11-26 22:48
ORLANDO, Fla., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, announced it has received regulatory non-objection from the Luxembourg Commission de Surveillance du Secteur Financier (“CSSF”) for the acquisition of Carlisle Management Company S.C.A. (“Carlisle”), a leading Luxembourg-based investment fun ...
Abacus Life Announces Closing of Public Offering of 12,500,000 Shares of Common Stock
GlobeNewswire News Room· 2024-11-26 06:23
ORLANDO, Fla., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the closing of its oversubscribed underwritten public offering of 12,500,000 shares of its common stock, consisting of 10,000,000 shares of its common stock sold by the Company and 2,500,000 shares of common stock sold by certain stockholders of the Company (the “Selling Stockholders”) at the p ...
Abacus Life's CEO on Cracking the Code of Longevity Returns
MarketBeat· 2024-11-26 03:49
Abacus Life TodayABLAbacus Life$7.72 +0.17 (+2.25%) 52-Week Range$6.56▼$13.25Price Target$14.70Add to WatchlistAbacus Life, Inc. NASDAQ: ABL is a global alternative asset manager specializing in a unique niche within the financial markets. The company acquires and manages life insurance policies. The company's core mission is to generate financial returns for investors and educate consumers on the often-overlooked value inherent in their life insurance policies. This dual focus positions Abacus Life at th ...
Wall Street Analysts Believe Abacus Life, Inc. (ABL) Could Rally 59.48%: Here's is How to Trade
ZACKS· 2024-11-21 23:56
Abacus Life, Inc. (ABL) closed the last trading session at $8.86, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14.13 indicates a 59.5% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $1.31. While the lowest estimate of $13 indicates a 46.7% increase from the current price level, the most optimistic analyst exp ...
Abacus Life(ABL) - 2024 Q3 - Earnings Call Transcript
2024-11-09 18:15
财务数据和关键指标变化 - 2024年第三季度总营收较上年同期增长33%至2810万美元[8] - 调整后EBITDA较上年同期增长54%至1670万美元,调整后EBITDA利润率较上年同期增长至59.2%[24] - 按调整后基础计算,2024年第三季度净收入较上年同期增长65%至1490万美元[26] - 2024年第三季度GAAP股东净亏损为510万美元,上年同期为净收入90万美元[25] - 2024年第三季度年化调整后股本回报率为23%,调整后投资资本回报率为21%[27] - 2024年第三季度资本部署为9320万美元,较上年同期的5640万美元有所增加,购买的保单数量较上年同期增长53%至278份[22] - 2024年第三季度总运营费用(不包括未实现和已实现损益以及债务公允价值变动)约为1940万美元,较上年同期的1320万美元有所增加[23] 各条业务线数据和关键指标变化 - ABL Tech业务:自4月面向外部客户上线,6月签下首个公共养老客户,8月签下美国最大工会养老基金之一,赢得5个招标项目中的4个,截至10月31日服务21个客户,另有23个有明确承诺或正在谈判,预计到2025年第一季度末跟踪人数将超过100万,还有50多个潜在客户处于不同阶段[10][11][12][13] - 收购业务:收购Carlisle Management Company SCA和FCF Advisors,预计将为公司投资组合增加约26亿美元的管理资产,Carlisle Management的收购预计在第四季度末完成(需监管批准)[14] - 新合作与产品业务:与Lorisco合作推出PREADISAN,目前处于测试阶段[17][18] - 资本业务:2024年第二季度末筹集的9200万美元股本资本已成功部署,保持23%的强劲股本回报率和21%的投资资本回报率,正在考虑额外债务融资等资本选择[19] 各个市场数据和关键指标变化 - 未提及 公司战略和发展方向和行业竞争 - 公司战略包括推进ABL Tech计划、完成收购、加强高管团队、开展新合作与产品推出、探索资本融资等以推动长期盈利增长并巩固作为全球另类资产管理公司和做市商的地位[8][9][14][15][16][17][19][20] - 行业竞争方面,公司是行业内唯一的上市公司,这使其在资本和信息传达方面具有显著优势,行业竞争格局仍然较为紧密,公司的成功有助于提升整个行业水平[46] 管理层对经营环境和未来前景的评论 - 公司对未来前景充满信心,认为在成为全球另类资产管理公司的道路上进展顺利,广泛的长寿数据正在各个部门创造新机会,尽管面临挑战但有能力抓住机遇实现长期盈利增长[29] - 第四季度的趋势预计与历史情况相似,从保单发行的角度来看,第四季度通常表现较强,公司对未来的发行趋势持乐观态度[32] - 行业内对资产收购有显著需求,利率下降会促使更多投资进入,这对公司的主动管理业务有利,预计这一趋势将持续到2025年[37] - 2025年的首要任务包括继续扩大教育和宣传计划,以及在拓展现有业务和收入模式的同时横向寻找其他收入来源[44] 其他重要信息 - 公司提到佛罗里达州近期遭受飓风影响,对受灾群众表示关心,对救援人员表示感谢,对公司在当地的团队表示自豪[7] 问答环节所有的提问和回答 问题:能否谈谈第四季度到目前为止的趋势以及更广泛的季节性因素?[31] - 回答:公司看到这一趋势仍在继续,从保单发行的角度来看,第四季度通常表现较强,公司对未来的发行趋势持乐观态度,尽管第三季度已经表现很强劲[32] 问题:第三季度的发行票面价值是多少?[33] - 回答:第三季度为4.716亿美元[34] 问题:如何看待未来四个季度的主动管理收入?[36] - 回答:行业内对资产收购有显著需求,利率下降会促使更多投资进入,这对公司的主动管理业务有利,预计这一趋势将持续到2025年[37] 问题:能否解释一下较小的收入项目(组合服务和发行收入)与上年同期相比的情况?[39] - 回答:服务收入可能会根据公司自身或其他公司的投资组合活动而波动,公司的一个服务客户正在缩减投资组合,这对服务收入有一定影响,但随着Carlisle资产管理的整合,预计服务收入将增长;发行收入下降是因为公司更多地在资产负债表上购买和持有保单并出售,而不是直接向第三方投资者收取发行费并出售[39][40][41][42] 问题:能否更新一下竞争环境?2025年的两大优先事项是什么?[44] - 回答:行业竞争格局仍然较为紧密,公司是行业内唯一的上市公司,这使其在资本和信息传达方面具有显著优势;2025年的首要任务包括继续扩大教育和宣传计划,以及在拓展现有业务和收入模式的同时横向寻找其他收入来源[46] 问题:能否谈谈与银行合作伙伴的合作情况以及新的按需产品的进展?[46] - 回答:未明确回答与银行合作伙伴的合作情况,问题主要围绕竞争环境进行回答,公司在行业内具有竞争优势,对2025年及以后的发展充满信心[46]
Abacus Life, Inc. (ABL) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-08 09:11
Abacus Life, Inc. (ABL) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.18, delivering a surprise of 38.46%.Over the last four quarters, the company ...
Abacus Life(ABL) - 2024 Q3 - Quarterly Report
2024-11-08 05:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-39403 NASDAQ | ABL Abacus Life, Inc. (Exact name of registrant as specified in its charter) De ...