Ambac Financial Group (NYSE:AMBC) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Ambac Financial Group has received a "sell (D-)" rating from Weiss Ratings, reflecting caution from analysts regarding its stock performance.
• In contrast, Truist Financial issued a "buy" rating for Ambac, setting a target price of $10.00, indicating potential optimism amid mixed analyst opinions.
• CEO Claude Leblanc recently purchased 25,000 shares of Ambac stock, increasing his ownership stake, which may signal confidence in the company's future growth.

Ambac Financial Group (NYSE:AMBC - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Separately, Truist Financial assumed coverage on shares of Ambac Financial Group in a research report on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ambac Financial Group has an average rating of "Hold" and a consensus target price of $10.00.

Ambac Financial Group Stock Performance

Shares of AMBC traded up $0.04 during mid-day trading on Tuesday, hitting $8.26. 227,760 shares of the company's stock were exchanged, compared to its average volume of 974,781. The company has a market cap of $383.12 million, a price-to-earnings ratio of -0.61 and a beta of 0.96. Ambac Financial Group has a fifty-two week low of $5.99 and a fifty-two week high of $13.64. The stock's 50-day moving average is $8.71 and its 200-day moving average is $7.97.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. Ambac Financial Group had a negative net margin of 215.40% and a negative return on equity of 3.50%. The firm had revenue of $16.20 million for the quarter, compared to analysts' expectations of $55.59 million. As a group, equities research analysts anticipate that Ambac Financial Group will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other Ambac Financial Group news, CEO Claude Leblanc purchased 25,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was bought at an average price of $8.54 per share, for a total transaction of $213,500.00. Following the acquisition, the chief executive officer directly owned 1,021,777 shares of the company's stock, valued at $8,725,975.58. This represents a 2.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.20% of the company's stock.

Institutional Trading of Ambac Financial Group

A number of institutional investors have recently modified their holdings of AMBC. CWM LLC raised its position in shares of Ambac Financial Group by 65,933.3% in the 2nd quarter. CWM LLC now owns 3,962 shares of the company's stock valued at $28,000 after purchasing an additional 3,956 shares in the last quarter. Federated Hermes Inc. bought a new position in Ambac Financial Group during the second quarter valued at about $37,000. GAMMA Investing LLC boosted its stake in Ambac Financial Group by 191.9% during the first quarter. GAMMA Investing LLC now owns 4,463 shares of the company's stock valued at $39,000 after buying an additional 2,934 shares in the last quarter. LM Asset IM Inc. purchased a new stake in shares of Ambac Financial Group during the second quarter valued at $43,000. Finally, AlphaQuest LLC purchased a new stake in shares of Ambac Financial Group during the first quarter valued at $61,000. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Company Profile

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.

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