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Ambac Financial Group, Inc. (AMBC)

NYSE: AMBC · IEX Real-Time Price · USD
15.05 -0.80 (-5.05%)
Nov 26, 2021 1:00 PM EST - Market closed
Market Cap696.88M
Revenue (ttm)317.00M
Net Income (ttm)-9.00M
Shares Out46.30M
EPS (ttm)-0.50
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume896,303
Open16.65
Previous Close15.85
Day's Range14.54 - 15.46
52-Week Range13.09 - 18.63
Beta1.47
AnalystsHold
Price Target17.00 (+13.0%)
Earnings DateNov 8, 2021

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; and credit derivative contracts and interest rate derivative transactions. The company was incorporated in 1991 and is headquartered in New York, New York.

IndustryInsurance
IPO DateJul 11, 1991
CEOClaude LeBlanc
Employees125
Stock ExchangeNYSE
Ticker SymbolAMBC
Full Company Profile

Financial Performance

In 2020, AMBC's revenue was $156.00 million, a decrease of -68.55% compared to the previous year's $496.00 million. Losses were -$437.00 million, 102.3% more than in 2019.

Financial Statements

Analyst Forecast

According to one analyst, the rating for AMBC stock is "Hold" and the 12-month stock price forecast is 17.00.

Price Target
$17.00
(12.96% upside)
Analyst Consensus: Hold

News

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...

2 weeks 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...

1 month 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
1 month ago - Business Wire

Cover Whale Partners with Everspan on Commercial Trucking Program

NEW YORK, Sept. 20, 2021 /PRNewswire/ -- Cover Whale Insurance Solutions, Inc., an Insurtech focused on the commercial auto space, announces its partnership with Everspan Indemnity Insurance Company ("E...

2 months ago - PRNewsWire

Ambac Reports Second 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 $29 millio...

3 months ago - Business Wire

Ambac Appoints Lisa G. Iglesias to Its Board of Directors

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (the “Company”) (NYSE: AMBC), a financial services holding company, announced the appointment of Lisa G. Iglesias as a member of its Board of Direc...

3 months ago - Business Wire

Ambac Assurance Endorses Plans Providing for Consensual Resolution of its Puerto Rico Exposures

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”) executed a plan suppor...

4 months ago - Business Wire

Ambac to Release Second Quarter 2021 Results on August 5, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2021 results on August 5, 2021 following th...

4 months ago - Business Wire

Ambac Closes Senior Secured Note Offering

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“S...

4 months ago - Business Wire

Ambac Launches Senior Secured Note Offering to Refinance Existing Ambac LSNI Senior Secured Notes

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“S...

5 months ago - Business Wire

Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program

WOODLAND HILLS, Calif., June 14, 2021 /PRNewswire/ -- Venbrook Group, LLC ("Venbrook"), a holdings company with various subsidiaries engaged in the insurance marketplace, today announced that it has for...

5 months ago - PRNewsWire

Recap: Ambac Financial Group Q1 Earnings

Shares of Ambac Financial Group (NYSE:AMBC) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 110.26% over the past year to $0.59, which ma...

6 months ago - Benzinga

Ambac Reports First Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today reported Net Income attributable to common stockholders of $17 million or $0.08...

6 months ago - Business Wire

Ambac Reschedules Release of First Quarter 2021 Results and Conference Call to May 10, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10...

6 months ago - Business Wire

Ambac to Release First Quarter 2021 Results on May 6, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2021 results on May 6, 2021 following the cl...

7 months ago - Business Wire

Ambac Announces Meeting and Record Date for 2021 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac's 2021 Annual Meeting of Stockholders will be held on Tuesday, May 2...

8 months ago - Business Wire

Ambac Financial Group: Q4 Earnings Insights

Shares of Ambac Financial Group (NYSE:AMBC) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 104.19% over the past year to $0.08, whi...

8 months ago - Benzinga

Ambac Reports Fourth Quarter 2020 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today reported a Net Loss attributable to common stockholders of $14 million or $0.31...

8 months ago - Business Wire

Ambac Financial Group Earnings Preview

Ambac Financial Group (NYSE:AMBC) announces its next round of earnings this Monday, March 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

9 months ago - Benzinga

Ambac to Release Fourth Quarter 2020 Results on March 1, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release fourth quarter 2020 results on March 1, 2021 following the...

9 months ago - Business Wire

Ambac Launches Specialty Program Insurance Business Everspan Group Assigned AM Best Financial Strength Rating of ‘A-'...

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac'), a financial services holding company, today announced that it has launched Everspan Group, a specialty, participatory front...

9 months ago - Business Wire

Ambac Closes Financial Deleveraging Transaction Through Exchange of Outstanding Corolla Trust Obligations for Surplus...

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE:AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”), successfully...

10 months ago - Business Wire

Ambac To Acquire Property & Casualty Managing General Underwriter Xchange; Provides Update on Strategy

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac'), a financial services holding company, today announced, consistent with its platform diversification strategy, that it has e...

11 months ago - Business Wire

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q3 2020 Results - Earnings Call Transcript

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q3 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Recap: Ambac Financial Group Q3 Earnings

Shares of Ambac Financial Group (NYSE:AMBC) fell 1.93% in after-market trading after the company reported Q3 results.

1 year ago - Benzinga