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NYSE:AMBC

Ambac Financial Group (AMBC) Stock Forecast, Price & News

$12.50
-0.17 (-1.34%)
(As of 11:03 AM ET)
Compare
Today's Range
$12.44
$12.67
50-Day Range
$12.50
$14.46
52-Week Range
$12.03
$17.75
Volume
57,194 shs
Average Volume
412,379 shs
Market Capitalization
$566.25 million
P/E Ratio
1.22
Dividend Yield
N/A
Price Target
$18.00

Ambac Financial Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
41.7% Upside
$18.00 Price Target
Short Interest
Bearish
5.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.84
Upright™ Environmental Score
News Sentiment
0.32mentions of Ambac Financial Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$33,225 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.40) to $0.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Finance Sector

345th out of 848 stocks

Surety Insurance Industry

3rd out of 8 stocks


AMBC stock logo

About Ambac Financial Group (NYSE:AMBC) Stock

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 underwriters, insurance wholesalers, brokers, and other distribution businesses. The LFG Insurance business offers financial guarantee insurance policies that provide an unconditional and irrevocable guarantee, which protects the holder of a debt obligation against non-payment when due of the principal and interest on the obligations guaranteed. The company was incorporated in 1991 and is headquartered in New York, New York.

AMBC Price History

AMBC Stock News Headlines

Ambac Surges on Higher S&P View
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Q2 2023 Ambac Financial Group Inc Earnings Call
Ambac Reports Second Quarter 2023 Results
Ambac Acquires Riverton Insurance Agency Corp.
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Outfront Media (OUT) Lags Q2 FFO and Revenue Estimates
Allstate (ALL) Reports Q2 Loss, Lags Revenue Estimates
Ambac Financial Group Inc. Warrants
AMBC - Ambac Financial Group, Inc.
Ambac Main Unit Posts Loss; Premiums Fall
Top Financial Stocks for June 2023
Ambac Remains Discounted By An Apprehensive Market
See More Headlines
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AMBC Company Calendar

Last Earnings
8/08/2023
Today
9/26/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surety insurance
Sub-Industry
N/A
Sector
Finance
Employees
155
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+41.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$521 million
Pretax Margin
113.60%

Debt

Sales & Book Value

Annual Sales
$505 million
Cash Flow
$13.23 per share
Book Value
$29.02 per share

Miscellaneous

Free Float
43,764,000
Market Cap
$575.31 million
Optionable
Optionable
Beta
1.14
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Key Executives

  • Mr. Claude L. LeBlancMr. Claude L. LeBlanc (Age 58)
    Pres, CEO & Director
    Comp: $2.77M
  • Mr. David Trick (Age 51)
    Exec. VP, CFO & Treasurer
    Comp: $1.43M
  • Mr. Stephen Michael Ksenak (Age 57)
    Sr. MD & Gen. Counsel
    Comp: $1.33M
  • Mr. David Peter Barranco (Age 52)
    Sr. MD and Head of Risk Management
    Comp: $1.23M
  • Ms. Rhonta Sharon Smith (Age 52)
    Exec. VP & Chief Strategy Officer
    Comp: $1.25M
  • Mr. Daniel Matthew McGinnis (Age 51)
    Sr. MD & COO
  • Mr. Robert G. Donovan
    Chief Investment Officer
  • Mr. Robert Bryan Eisman (Age 56)
    Sr. MD, Chief Accounting Officer & Controller
  • Mr. Charles Joseph Sebaski
    MD & Head of Investor Relation
  • Kate Smith
    Director of Corp. Communications













AMBC Stock - Frequently Asked Questions

Should I buy or sell Ambac Financial Group stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ambac Financial Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMBC shares.
View AMBC analyst ratings
or view top-rated stocks.

What is Ambac Financial Group's stock price forecast for 2023?

2 brokers have issued 12-month price objectives for Ambac Financial Group's stock. Their AMBC share price forecasts range from $18.00 to $18.00. On average, they expect the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
View analysts price targets for AMBC
or view top-rated stocks among Wall Street analysts.

How have AMBC shares performed in 2023?

Ambac Financial Group's stock was trading at $17.44 at the start of the year. Since then, AMBC shares have decreased by 27.2% and is now trading at $12.70.
View the best growth stocks for 2023 here
.

When is Ambac Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our AMBC earnings forecast
.

How were Ambac Financial Group's earnings last quarter?

Ambac Financial Group, Inc. (NYSE:AMBC) released its quarterly earnings results on Tuesday, August, 8th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. The firm had revenue of $62 million for the quarter, compared to analyst estimates of $48.80 million. Ambac Financial Group had a trailing twelve-month return on equity of 41.52% and a net margin of 111.98%. During the same quarter in the previous year, the firm earned $0.28 EPS.

What ETF holds Ambac Financial Group's stock ?

Invesco S&P SmallCap Value with Momentum ETF holds 545,868 shares of AMBC stock, representing 1.17% of its portfolio.

How will Ambac Financial Group's stock buyback program work?

Ambac Financial Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 30th 2022, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

What is Ambac Financial Group's stock symbol?

Ambac Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMBC."

Who are Ambac Financial Group's major shareholders?

Ambac Financial Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Repertoire Partners LP (4.95%), Dimensional Fund Advisors LP (4.79%), State Street Corp (3.39%), Geode Capital Management LLC (1.93%), Charles Schwab Investment Management Inc. (1.38%) and Nuveen Asset Management LLC (1.26%). Insiders that own company stock include C James Prieur, Claude Leblanc, David Trick, Lisa G Iglesias and R Sharon Smith.
View institutional ownership trends
.

How do I buy shares of Ambac Financial Group?

Shares of AMBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ambac Financial Group's stock price today?

One share of AMBC stock can currently be purchased for approximately $12.70.

How much money does Ambac Financial Group make?

Ambac Financial Group (NYSE:AMBC) has a market capitalization of $575.31 million and generates $505 million in revenue each year. The company earns $521 million in net income (profit) each year or $10.25 on an earnings per share basis.

How many employees does Ambac Financial Group have?

The company employs 155 workers across the globe.

How can I contact Ambac Financial Group?

Ambac Financial Group's mailing address is ONE WORLD TRADE CENTER, NEW YORK NY, 10007. The official website for the company is www.ambac.com. The company can be reached via phone at (212) 658-7470, via email at agoldstein@ambac.com, or via fax at 212-208-3414.

This page (NYSE:AMBC) was last updated on 9/26/2023 by MarketBeat.com Staff

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