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

Ambac Financial Group, Inc. (NYSE:AMBC) 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) 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

A number of large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp lifted its stake in shares of Ambac Financial Group by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 39,554 shares of the company’s stock valued at $618,000 after acquiring an additional 770 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Ambac Financial Group by 4.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 27,952 shares of the company’s stock valued at $437,000 after acquiring an additional 1,307 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 acquiring an additional 1,637 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Ambac Financial Group by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company’s stock valued at $601,000 after acquiring an additional 1,861 shares during the last quarter. Finally, Quarry LP lifted its stake 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 acquiring an additional 2,110 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors.

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.

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.