Ambac Financial Group, Inc. (AMBC)

NYSE: AMBC · IEX Real-Time Price · USD
12.75
+0.21 (1.67%)
Sep 30, 2022 4:00 PM EDT - Market closed
1.67%
Market Cap 573.28M
Revenue (ttm) 309.00M
Net Income (ttm) 2.00M
Shares Out 44.96M
EPS (ttm) 0.07
PE Ratio 182.14
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 540,354
Open 12.68
Previous Close 12.54
Day's Range 12.51 - 12.96
52-Week Range 7.24 - 17.86
Beta 1.16
Analysts Sell
Price Target 12.24 (-4.0%)
Earnings Date Nov 7, 2022

About AMBC

Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services. The company was incorporated in 1991 and is headquartered in New York, New York. [Read more...]

Industry Insurance
IPO Date Jul 11, 1991
CEO Claude LeBlanc
Employees 132
Stock Exchange NYSE
Ticker Symbol AMBC
Full Company Profile

Financial Performance

In 2021, AMBC's revenue was $282.00 million, an increase of 80.77% compared to the previous year's $156.00 million. Losses were -$17.00 million, -96.11% less than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for AMBC stock is "Sell." The 12-month stock price forecast is 12.24, which is a decrease of -4.00% from the latest price.

Price Target
$12.24
(-4.00% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Everspan Partners with Centrex Underwriters on Hospitality-Focused Liability Programs

NEW YORK--(BUSINESS WIRE)--Everspan and Centrex Underwriters Partner on Hospitality-Focused Liability Programs

2 weeks ago - Business Wire

Ambac Financial Group mortgage suit against Countrywide, Bank of America cleared to go to jury trial

Ambac Financial Group Inc. AMBC, +0.86% said Wednesday it's pleased with a decision by the Supreme Court of the State of New York's to allow its 2014 fraud lawsuit against Countrywide and Bank of Americ...

Other symbols: BAC
1 month ago - Market Watch

Ambac Defeats Summary Judgment Motion and Obtains Trial Date in Fraud Case Against Countrywide and Bank of America

NEW YORK--(BUSINESS WIRE)--Ambac Defeats Summary Judgment Motion in Fraud Case Against Countrywide and Bank of America

1 month ago - Business Wire

Ambac Establishes Strategic Partnership with Embrace Partners, a Minority-Owned Specialty Insurance MGU and DE&I Plat...

NEW YORK--(BUSINESS WIRE)--Ambac takes minority ownership stake in Embrace Partners, a specialty insurance MGU and DE&I platform

1 month ago - Business Wire

Ambac Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ambac releases second quarter earnings

1 month ago - Business Wire

Ambac to Release Second Quarter 2022 Results on August 8, 2022

NEW YORK--(BUSINESS WIRE)--Ambac announces release date for second quarter earnings

2 months ago - Business Wire

Penny Parisoff Partners With Ambac to Create Human Services-Focused MGA

NEW YORK--(BUSINESS WIRE)--Ambac partners with industry veteran Penny Parisoff to establish a new managing general agency focused on health and human services industry.

3 months ago - Business Wire

Xchange Benefits Launches Medical Stop Loss Program in Collaboration with Markel®

ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has signed a program manager agreement with Mark...

3 months ago - Business Wire

Ambac Reports First 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 $2 million ...

4 months ago - Business Wire

Everspan Partners With TheGuarantors to Improve Rental Accessibility and Affordability

NEW YORK--(BUSINESS WIRE)--Everspan Group, Rated A- (Excellent) by AM Best, today announced it has launched a program partnership with TheGuarantors, a fintech company providing innovative insurance pro...

4 months ago - Business Wire

Xchange Benefits Acquires the Employer Stop Loss Renewal Rights of Employer Benefit Underwriters, Inc.

ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits, LLC, a property and casualty managing general underwriter specializing in accident and health insurance, announced that it has purchased the renewal righ...

4 months ago - Business Wire

Ambac to Release First Quarter 2022 Results on May 10, 2022

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2022 results on May 10, 2022 following the c...

5 months ago - Business Wire

Ambac Authorizes Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac” or “AFG”), a financial services holding company, announces that its Board of Directors has approved a share repurchase progra...

6 months ago - Business Wire

Ambac Assurance Corporation Reports Preliminary First Quarter 2022 Impact of Recent Material Developments

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac” or “AFG”), a financial services holding company, announces that its subsidiary, Ambac Assurance Corporation (“AAC”), has prov...

6 months ago - Business Wire

Ambac Appoints Head of Investor Relations

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today announced that Charles J. Sebaski has joined the firm as Managing Dire...

6 months ago - Business Wire

AAC Releases Statement Regarding RMBS Litigation

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, announces that its legacy financial guaranty insurance subsidiary Ambac Assu...

6 months ago - Business Wire

Ambac Announces Meeting and Record Date for 2022 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac's 2022 Annual Meeting of Stockholders will be held on Tuesday, May 2...

6 months ago - Business Wire

Everspan Partners with Specialty Market Managers to Launch the Longleaf® Program

NEW YORK--(BUSINESS WIRE)--Everspan Indemnity Insurance Company (“Everspan”), Rated A- (Excellent) by AM Best and part of Everspan Group, today announced a partnership with Specialty Market Managers, LL...

6 months ago - Business Wire

Ambac Reports Fourth Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported a net loss attributable to common stockholders of $22 million...

7 months ago - Business Wire

Everspan Partners with Branch to Enhance Branch's Geographic Expansion

NEW YORK--(BUSINESS WIRE)--Everspan Insurance Company ("Everspan"), Rated A- (Excellent) by AM Best and part of Everspan Group, today announced a partnership with Branch Financial (“Branch”). Branch, wh...

7 months ago - Business Wire

Ambac to Release Fourth Quarter 2021 Results on February 24, 2022

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release fourth quarter 2021 results on February 24, 2022 following...

7 months ago - Business Wire

Everspan Group Acquires Three Admitted Insurance Carriers

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Everspan Insurance Company (together with certai...

8 months ago - Business Wire

Ambac Reports Third Quarter 2021 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 $17 million...

10 months ago - Business Wire

Ambac to Release Third Quarter 2021 Results on November 8, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release third quarter 2021 results on November 8, 2021 following t...

11 months ago - Business Wire

Everspan Insurance Company Acquires Providence Washington Insurance Company

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Everspan Insurance Company (“EIC”), has complete...

Other symbols: ESGR
11 months ago - Business Wire