Ambac Financial Group, Inc. (NYSE:AMBC – Get Free Report) VP R Sharon Smith purchased 1,100 shares of Ambac Financial Group stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $10.64 per share, with a total value of $11,704.00. Following the transaction, the vice president now owns 74,707 shares of the company’s stock, valued at $794,882.48. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Ambac Financial Group Stock Performance
NYSE AMBC opened at $11.18 on Friday. The firm has a market cap of $505.62 million, a price-to-earnings ratio of 8.53 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.42. The business has a 50-day moving average price of $12.68 and a 200-day moving average price of $14.78. Ambac Financial Group, Inc. has a twelve month low of $10.12 and a twelve month high of $18.45.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $105.00 million during the quarter. Ambac Financial Group had a return on equity of 10.69% and a net margin of 18.09%. During the same period last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that Ambac Financial Group, Inc. will post 1.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Ambac Financial Group
Analyst Upgrades and Downgrades
A number of analysts have commented on AMBC shares. StockNews.com cut Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday. Compass Point upped their price target on Ambac Financial Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th.
Check Out Our Latest Stock Analysis on AMBC
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.
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