Ambac Financial Group (NYSE:AMBC) Upgraded to Strong-Buy by Roth Capital

Ambac Financial Group (NYSE:AMBC) was upgraded by stock analysts at Roth Capital from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks.com reports. Roth Capital also issued estimates for Ambac Financial Group’s Q3 2024 earnings at $0.14 EPS, Q1 2026 earnings at $0.03 EPS, Q2 2026 earnings at $0.01 EPS and FY2026 earnings at $0.10 EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Roth Mkm upgraded shares of 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 note on Wednesday.

Ambac Financial Group Price Performance

AMBC opened at $11.70 on Wednesday. The stock has a fifty day moving average of $11.69 and a 200-day moving average of $13.83. The firm has a market capitalization of $529.13 million, a P/E ratio of 8.93 and a beta of 1.24. Ambac Financial Group has a 12-month low of $10.12 and a 12-month high of $18.45. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37.

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

Insider Buying and Selling

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

Institutional Trading of Ambac Financial Group

Large investors have recently made changes to their positions in the company. Quarry LP increased its position in shares of Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock valued at $30,000 after buying an additional 2,110 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Ambac Financial Group by 525.0% during the 2nd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after buying an additional 4,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ambac Financial Group by 20.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after purchasing an additional 1,637 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Ambac Financial Group by 95.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,542 shares of the company’s stock valued at $165,000 after purchasing an additional 5,145 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in shares of Ambac Financial Group in the 4th quarter valued at about $165,000. 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.