Ambac Financial Group, Inc. (AMBC)

NYSE: AMBC · Real-Time Price · USD
12.38
+0.06 (0.49%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.49%
Market Cap 587.35M
Revenue (ttm) 398.00M
Net Income (ttm) -21.00M
Shares Out 47.44M
EPS (ttm) -0.46
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 495,594
Open 12.27
Previous Close 12.32
Day's Range 12.27 - 12.59
52-Week Range 10.12 - 18.45
Beta 1.23
Analysts Strong Buy
Price Target 17.00 (+37.32%)
Earnings Date Nov 12, 2024

About AMBC

Ambac Financial Group, Inc. operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks. The Insurance Distribution business includes the specialty property and casualty insurance distribution business, which includes managing general agents and un... [Read more]

Sector Financials
IPO Date Jul 11, 1991
Employees 178
Stock Exchange NYSE
Ticker Symbol AMBC
Full Company Profile

Financial Performance

In 2023, Ambac Financial Group's revenue was $269.00 million, a decrease of -10.03% compared to the previous year's $299.00 million. Earnings were $9.00 million, a decrease of -98.29%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for AMBC stock is "Strong Buy." The 12-month stock price forecast is $17.0, which is an increase of 37.32% from the latest price.

Price Target
$17.0
(37.32% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Ambac Financial Group Inc (AMBC) Q3 2024 Earnings Call Transcript

Ambac Financial Group Inc (NYSE:AMBC) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Charles Sebaski - MD & Head of Investor Relation Claude LeBlanc - President, C...

7 days ago - Seeking Alpha

Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program

NEW YORK--(BUSINESS WIRE)--Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program.

Other symbols: W
8 days ago - Business Wire

Ambac to Release Third Quarter 2024 Results on November 12, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2024 Results on November 12, 2024.

22 days ago - Business Wire

Ambac Shareholders Approve Sale of Legacy Financial Guarantee Business

NEW YORK--(BUSINESS WIRE)--Ambac Shareholders Vote to Approve Sale of Legacy Financial Guarantee Business.

5 weeks ago - Business Wire

Beat Capital Partners launches proRISE Insurance Services with A+ rated Capacity, Specializing in SME Management and Professional Liability Insurance

CHARLOTTE, N.C.--(BUSINESS WIRE)--Beat Capital Partners launches proRISE Insurance Services.

2 months ago - Business Wire

Ambac Financial Group Will Be Better Positioned Once Sale Of Financial Guarantee Business Closes, Analyst Says

After declining since the beginning of 2024, shares of Ambac Financial Group, Inc. AMBC have risen by almost 10% over the past five trading sessions.

2 months ago - Benzinga

Ambac Financial Group Inc (AMBC) Q2 2024 Earnings Call Transcript

Ambac Financial Group Inc (AMBC) Q2 2024 Earnings Call Transcript

3 months ago - Seeking Alpha

Ambac Reports Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Ambac Reports Second Quarter 2024 Results.

3 months ago - Business Wire

Ambac to Release Second Quarter 2024 Results on August 5, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to Release Second Quarter 2024 Results on August 5, 2024.

4 months ago - Business Wire

Ambac's Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan

NEW YORK--(BUSINESS WIRE)--Ambac's Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan.

5 months ago - Business Wire

Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners.

6 months ago - Business Wire

Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P.

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business.

6 months ago - Business Wire

Ambac Financial Group, Inc. (AMBC) Q1 2024 Earnings Call Transcript

Ambac Financial Group, Inc. (NYSE:AMBC) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relations Claude LeBlanc - President & Chief Ex...

7 months ago - Seeking Alpha

Ambac Reports First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2024 Results.

Other symbols: W
7 months ago - Business Wire

Ambac to Release First Quarter 2024 Results on May 6, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to release first quarter results on May 6, 2024.

7 months ago - Business Wire

Ambac: Finally Shaking Off The Great Financial Crisis

Ambac Financial Group has undergone a turnaround after the 2008 Financial Crisis, improving its financial position and evolving its business model. The company's balance sheet appears healthy and able...

8 months ago - Seeking Alpha

Ambac Financial Group, Inc. (AMBC) Q4 2023 Earnings Call Transcript

Ambac Financial Group, Inc. (AMBC) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

Ambac Reports Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Reports Fourth Quarter 2023 Results.

9 months ago - Business Wire

Ambac to Release Fourth Quarter 2023 Results on February 27, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to release fourth quarter 2023 results on February 27, 2024.

10 months ago - Business Wire

Ambac: Releasable Liquidity And SOTP Analysis Reveals Upside Potential

Ambac is a complex company with a financial guarantees business and a new specialty P&C insurance business. We run a comparison with MBIA to compute releasable liquidity from the FG business that may ...

11 months ago - Seeking Alpha

Ambac Financial Group, Inc. (AMBC) Q3 2023 Earnings Call Transcript

Start Time: 08:30 January 1, 0000 8:56 AM ET Ambac Financial Group, Inc. (NYSE:AMBC) Q3 2023 Earnings Conference Call November 08, 2023, 08:30 AM ET Company Participants Claude LeBlanc - President an...

1 year ago - Seeking Alpha

Ambac Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac reports third quarter 2023 results.

1 year ago - Business Wire

Ambac to Release Third Quarter 2023 Results on November 7, 2023

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2023 Results on November 7, 2023.

1 year ago - Business Wire

Ambac Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the second quarter ended June 30, 2023. Net...

1 year ago - Business Wire

Ambac Acquires Riverton Insurance Agency Corp.

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired a majority stake in Riverton Insurance Agency ...

1 year ago - Business Wire