Ambac Financial Group (NYSE:AMBC – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Ambac Financial Group Price Performance
NYSE AMBC opened at $16.62 on Friday. The stock has a market capitalization of $751.06 million, a P/E ratio of 3.91 and a beta of 1.32. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average is $16.04 and its two-hundred day moving average is $14.27. Ambac Financial Group has a 1 year low of $11.26 and a 1 year high of $17.75.
Analyst Ratings Changes
Separately, StockNews.com raised Ambac Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday.
Institutional Trading of Ambac Financial Group
Several large investors have recently made changes to their positions in AMBC. BlackRock Inc. lifted its holdings in Ambac Financial Group by 2.6% in the 1st quarter. BlackRock Inc. now owns 6,833,925 shares of the company’s stock worth $105,789,000 after purchasing an additional 170,380 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ambac Financial Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,159,157 shares of the company’s stock valued at $53,655,000 after purchasing an additional 177,767 shares during the period. State Street Corp lifted its stake in shares of Ambac Financial Group by 5.2% in the first quarter. State Street Corp now owns 1,754,872 shares of the company’s stock worth $27,165,000 after buying an additional 87,376 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ambac Financial Group by 11.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,690,891 shares of the company’s stock worth $26,174,000 after buying an additional 168,422 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Ambac Financial Group by 1,426.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 913,665 shares of the company’s stock valued at $14,144,000 after buying an additional 853,797 shares during the last quarter. Institutional investors own 81.68% 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.
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