Ambac Financial Group, Inc. (AMBC)
Market Cap | 536.56M |
Revenue (ttm) | 338.00M |
Net Income (ttm) | 75.00M |
Shares Out | 47.44M |
EPS (ttm) | 1.58 |
PE Ratio | 7.18 |
Forward PE | 56.55 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 377,961 |
Open | 11.24 |
Previous Close | 11.21 |
Day's Range | 11.23 - 11.45 |
52-Week Range | 10.12 - 18.45 |
Beta | 1.23 |
Analysts | Strong Buy |
Price Target | 17.00 (+50.31%) |
Earnings Date | Nov 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, 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 StatementsAnalyst 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 50.31% from the latest price.
News
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.
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.
Ambac Financial Group Inc (AMBC) Q2 2024 Earnings Call Transcript
Ambac Financial Group Inc (AMBC) Q2 2024 Earnings Call Transcript
Ambac Reports Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports Second Quarter 2024 Results.
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.
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.
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.
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.
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...
Ambac Reports First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2024 Results.
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.
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...
Ambac Financial Group, Inc. (AMBC) Q4 2023 Earnings Call Transcript
Ambac Financial Group, Inc. (AMBC) Q4 2023 Earnings Call Transcript
Ambac Reports Fourth Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports Fourth Quarter 2023 Results.
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.
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 ...
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...
Ambac Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac reports third quarter 2023 results.
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.
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...
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 ...
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.
Ambac Remains Discounted By An Apprehensive Market
Ambac has seen significant price appreciation since the announced settlement with Bank of America and Nomura Holdings. Alongside aggressive growth from Cirrata, shareholders can expect effective organ...
Ambac Financial Group, Inc. (AMBC) Q1 2023 Earnings Call Transcript
Ambac Financial Group, Inc. (NYSE:AMBC) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relations Claude LeBlanc - President and Chief...
Ambac Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2023 Results.