Streetbeat News

AMBC

Ambac Financial Group, Inc.

https://www.ambac.com

Industry

Insurance - Specialty

Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services. The company was incorporated in 1991 and is headquartered in New York, New York.

Open

11.30

Mkt cap

541M

Volume

384K

High

11.41

P/E Ratio

7.09

52-wk high

18.45

Low

11.26

Div yield

N/A

52-wk low

10.12

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May 07, 2024 | 12:11 pm

Ambac Financial Group (NYSE:AMBC) reported Q1 2024 adjusted EPS of $0.82, surpassing the $0.09 estimate, marking an 811.11% beat and a 373.33% increase from last year's losses of $(0.30) per share. Sales reached $103M, up 77.59% from $58M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:35 pm

In Monday's intraday session, the insurance industry saw significant movements with Reliance Global Group, Crawford, Trupanion, Intl General Insurance, and Cheche Group among the gainers, while Waterdrop, Ambac Financial Group, Maiden Holdings, American Coastal, SelectQuote, and Citizens were the losers. Notable changes were observed in stock prices, with some companies releasing their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:40 pm

Insurance stocks experienced notable movements in Thursday's intraday session. Gainers included Root, SelectQuote, Conifer Holdings, Lemonade, Fanhua, and Maiden Holdings, with increases ranging from 3.77% to 16.33%. Losers were Marpai, MBIA, Huize Holding, Assured Guaranty, Ambac Financial Group, and Intl General Insurance, with declines between 2.64% and 5.41%. Notably, Lemonade, MBIA, Assured Guaranty, and Ambac Financial Group recently released their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:40 pm

Insurance stocks showed notable movements in Wednesday's intraday session. Gainers included Root, Ryan Specialty Holdings, Kingstone Companies, Ambac Financial Group, Trupanion, and Erie Indemnity, with increases ranging from 3.97% to 8.05%. Losers were Marpai, Maiden Holdings, Reliance Global Group, FG Financial Group, Hippo Holdings, and ProAssurance, with declines between 4.45% and 10.44%. Notably, Ryan Specialty Holdings, Ambac Financial Group, Erie Indemnity, and ProAssurance recently released their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:40 pm

Ambac Financial Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:19 pm

Ambac Financial Group (AMBC) reported Q4 2023 adjusted EPS of $0.32, surpassing the $(0.02) estimate, with sales of $75.50M beating the $66.56M estimate, a 65.54% decrease from last year's $219.10M.

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Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

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