Ambac Financial Group, Inc. (AMBC)
| Market Cap | 570.38M |
| Revenue (ttm) | 419.00M |
| Net Income (ttm) | 469.00M |
| Shares Out | 45.30M |
| EPS (ttm) | 10.22 |
| PE Ratio | 1.23 |
| Forward PE | 9.42 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 185,834 |
| Open | 12.50 |
| Previous Close | 12.50 |
| Day's Range | 12.46 - 12.63 |
| 52-Week Range | 12.03 - 17.75 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 18.00 (+42.97%) |
| Earnings Date | Nov 7, 2023 |
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
Financial StatementsAnalyst Forecast
According to one analyst, the rating for AMBC stock is "Hold" and the 12-month stock price forecast is $18.0.
News
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 Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2023 Results.
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...
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...
Ambac Financial Group Issues Reminder Concerning Expiration of Warrants
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group Issues Reminder Concerning Expiration of Warrants
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...
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...
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...
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...
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 ...
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...
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...
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:
Everspan Group Announces Retirement of Wyatt Blackburn
NEW YORK--(BUSINESS WIRE)--Everspan Group (“Everspan”), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE: AMBC) (“Ambac”), today announced that Steven K. Dre...
Ambac Reports Third Quarter 2022 Results
Net income of $340 million and adjusted earnings of $338 million
Ambac Acquires Specialty Insurance MGU All Trans Risk Solutions, LLC and Wholesale Broker Capacity Marine Corporation
NEW YORK--(BUSINESS WIRE)--Ambac completes acquisition of two specialty P&C insurance businesses
Ambac to Release Third Quarter 2022 Results on November 8, 2022
NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2022 Results on November 8, 2022
Everspan Partners with Specialty Program Group on Habitational Program
NEW YORK--(BUSINESS WIRE)--Everspan partners with SPG on habitational excess casualty program, HABX
Ambac Settles With Bank of America for $1.84 Billion
Ambac Financial and Bank of America have resolved longstanding litigation related to residential mortgage-backed securities with a $1.84 billion settlement.
Ambac rallies after $1.84 bln RMBS settlement with Bank of America
Ambac Financial Group AMBC, -1.01% shares rallied 25% in premarket trades Friday after it agreed to settle lawsuits against Bank of America Corp. BAC, -1.44% related to residential mortgage backed sec...
Ambac Settles RMBS Litigations Against Bank of America
NEW YORK--(BUSINESS WIRE)--Ambac Settles RMBS Litigations Against Bank of America
Everspan Partners with Centrex Underwriters on Hospitality-Focused Liability Programs
NEW YORK--(BUSINESS WIRE)--Everspan and Centrex Underwriters Partner on Hospitality-Focused Liability Programs
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 Amer...