Ambac Financial Group, Inc. (NYSE:AMBC) Director Kristi Ann Matus Buys 2,700 Shares

Ambac Financial Group, Inc. (NYSE:AMBC) Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at $30,429. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ambac Financial Group Stock Up 0.4 %

Ambac Financial Group stock opened at $11.23 on Friday. The firm has a market cap of $507.88 million, a price-to-earnings ratio of 8.57 and a beta of 1.24. Ambac Financial Group, Inc. has a 52 week low of $10.12 and a 52 week high of $18.45. The business’s 50-day moving average price is $11.48 and its 200 day moving average price is $13.64. 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 issued its quarterly 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). The business had revenue of $105.00 million for the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, sell-side analysts anticipate that Ambac Financial Group, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com lowered Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Roth Capital raised Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Wednesday, September 18th.

Hedge Funds Weigh In On Ambac Financial Group

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Ambac Financial Group by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,952,961 shares of the company’s stock worth $37,857,000 after purchasing an additional 87,077 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ambac Financial Group by 19.0% in the second quarter. American Century Companies Inc. now owns 797,096 shares of the company’s stock valued at $10,219,000 after acquiring an additional 127,145 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ambac Financial Group by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock valued at $10,705,000 after acquiring an additional 9,493 shares in the last quarter. Gendell Jeffrey L lifted its position in shares of Ambac Financial Group by 118.0% in the first quarter. Gendell Jeffrey L now owns 434,313 shares of the company’s stock valued at $6,788,000 after acquiring an additional 235,058 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Ambac Financial Group by 397.4% in the second quarter. Marshall Wace LLP now owns 345,715 shares of the company’s stock valued at $4,432,000 after acquiring an additional 276,210 shares in the last quarter. Hedge funds and other 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.