Abacus Life initiated with an Outperform at Northland

Northland analyst Mike Grondahl initiated coverage of Abacus Life (ABL) with an Outperform rating and $13.50 price target A “leading buyer” of life insurance policies and a vertically integrated alternative asset manager for customers seeking liquidity with a focus on special insurance products, Abacus is “a high margin and high return” business with a “massive, growing, and under penetrated” total addressable market, the analyst tells investors. The firm views Abacus as well-positioned to take advantage of market tailwinds and continue to execute on its go forward strategy, the analyst added.