Ambac Financial Group, Inc. (NYSE:AMBC – Get Free Report) Director Kristi Ann Matus purchased 2,700 shares of Ambac Financial Group stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the transaction, the director now directly owns 2,700 shares of the company’s stock, valued at $30,429. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Ambac Financial Group Price Performance
Shares of AMBC stock traded up $0.04 during trading hours on Friday, reaching $11.23. The company’s stock had a trading volume of 1,111,005 shares, compared to its average volume of 450,173. The firm’s 50 day simple moving average is $11.51 and its 200-day simple moving average is $13.67. The company has a market capitalization of $507.88 million, a price-to-earnings ratio of 8.57 and a beta of 1.24. Ambac Financial Group, Inc. has a fifty-two week low of $10.12 and a fifty-two week 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 – Get Free Report) last issued its earnings results 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). 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 quarter in the previous year, the company posted $0.07 earnings per share. Sell-side analysts forecast that Ambac Financial Group, Inc. will post 1.3 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on 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 Capital raised Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $15.00 in a report on Wednesday, September 18th.
View Our Latest Analysis on AMBC
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.
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