Ambac Financial Group (NYSE:AMBC) Raised to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of Ambac Financial Group (NYSE:AMBC) from a hold rating to a strong-buy rating in a research report released on Wednesday, Zacks.com reports. Roth Capital also issued estimates for Ambac Financial Group’s Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.10) EPS, Q1 2026 earnings at $0.03 EPS, Q2 2026 earnings at $0.01 EPS and FY2026 earnings at $0.10 EPS.

Several other equities analysts also recently commented on AMBC. Roth Mkm upgraded Ambac Financial Group from a neutral rating to a buy rating and increased their target price for the company from $13.00 to $15.00 in a research report on Wednesday. StockNews.com downgraded Ambac Financial Group from a hold rating to a sell rating in a research report on Wednesday, August 14th.

Ambac Financial Group Price Performance

Shares of AMBC stock opened at $11.37 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37. The company has a market cap of $514.21 million, a P/E ratio of 8.68 and a beta of 1.24. Ambac Financial Group has a twelve month low of $10.12 and a twelve month high of $18.45. The business has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $13.78.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Monday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $105.00 million during the quarter. Ambac Financial Group had a net margin of 19.27% and a return on equity of 10.79%. During the same period in the previous year, the company earned $0.07 EPS. On average, sell-side analysts forecast that Ambac Financial Group will post 1.3 EPS for the current fiscal year.

Insider Transactions at Ambac Financial Group

In related news, CFO David Trick acquired 3,700 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $10.76 per share, for a total transaction of $39,812.00. Following the completion of the transaction, the chief financial officer now directly owns 156,082 shares of the company’s stock, valued at $1,679,442.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ambac Financial Group news, General Counsel Stephen Michael Ksenak bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $11.00 per share, with a total value of $55,000.00. Following the completion of the purchase, the general counsel now directly owns 116,609 shares of the company’s stock, valued at approximately $1,282,699. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Trick bought 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $10.76 per share, with a total value of $39,812.00. Following the purchase, the chief financial officer now directly owns 156,082 shares of the company’s stock, valued at $1,679,442.32. The disclosure for this purchase can be found here. Insiders purchased 34,800 shares of company stock worth $377,016 over the last ninety days. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ambac Financial Group

Large investors have recently added to or reduced their stakes in the business. Quarry LP grew its stake in Ambac Financial Group by 830.7% during the second quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after purchasing an additional 2,110 shares during the period. nVerses Capital LLC grew its stake in Ambac Financial Group by 525.0% in the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $64,000 after acquiring an additional 4,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after acquiring an additional 1,637 shares during the period. Victory Capital Management Inc. acquired a new stake in Ambac Financial Group in the fourth quarter valued at approximately $165,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Ambac Financial Group by 95.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,542 shares of the company’s stock valued at $165,000 after acquiring an additional 5,145 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

About Ambac Financial Group

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.