Ambac Financial Group, Inc. (AMBC)
Market Cap | 565.76M |
Revenue (ttm) | 314.00M |
Net Income (ttm) | 58.00M |
Shares Out | 45.23M |
EPS (ttm) | 1.32 |
PE Ratio | 9.48 |
Forward PE | 19.26 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 452,004 |
Open | 12.45 |
Previous Close | 12.51 |
Day's Range | 12.24 - 12.66 |
52-Week Range | 11.26 - 18.45 |
Beta | 1.30 |
Analysts | Strong Buy |
Price Target | 19.00 (+51.88%) |
Earnings Date | Aug 5, 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]
Financial Performance
In 2023, AMBC's revenue was $269.00 million, a decrease of -46.73% compared to the previous year's $505.00 million. Earnings were $4.00 million, a decrease of -99.23%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for AMBC stock is "Strong Buy" and the 12-month stock price forecast is $19.0.
News
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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.
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AMBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Ambac Financial Group, Inc.'s Legacy Financial Guarantee Business Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Ambac Financial Group, Inc.'s (NYSE: AMBC) legacy financial guarantee businesses to funds...
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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.
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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.
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Ambac Reports First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2024 Results.
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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.
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Ambac Reports Fourth Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports Fourth Quarter 2023 Results.
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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.
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Ambac Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac reports third quarter 2023 results.
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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.
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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...
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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 ...
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Ambac to Release Second Quarter 2023 Results on August 7, 2023
NEW YORK--(BUSINESS WIRE)--Ambac to Release Second Quarter 2023 Results on August 7, 2023.
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Ambac Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2023 Results.
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Ambac Financial Group Selects Majesco Policy for P&C, Majesco Billing for P&C and Majesco Digital1st® for Cirrata Group
MORRISTOWN, N.J.--(BUSINESS WIRE)-- #futureforecast--Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced Ambac Financial Group, Inc. se...
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Ambac to Release First Quarter 2023 Results on May 9, 2023
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2023 results on May 9, 2023, following the...
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Ambac Financial Group Issues Reminder Concerning Expiration of Warrants
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group Issues Reminder Concerning Expiration of Warrants
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Ambac Reports Fourth Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported net income attributable to common stockholders of $175 mill...
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Ambac to Release Fourth Quarter 2022 Results on February 28, 2023
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2022 results on February 28, 2023, following the close of the mar...
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Ambac Names John Tatum Business Development Officer for Cirrata Group
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group (NYSE: AMBC), a financial services holding company, today announced the appointment of John Tatum as a Managing Director and Business Development Off...
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Xchange Benefits Launches Xchange Re Underwriting Agency, LLC
ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re U...
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Xchange Benefits Launches Tennessee Captive Insurance Company, Distribution Re
ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a protected cell company named ...
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Everspan Names Darwin Lucas Chief Underwriting and Reinsurance Officer
NEW YORK--(BUSINESS WIRE)--Everspan Group (“Everspan”), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief...
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Ambac Settles RMBS Litigation Against Nomura
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“AAC”), today announced that on December 2...
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Ambac Releases Statement Regarding Speculative Acquisition Report
NEW YORK,--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, released the following statement: