Amendment: SEC Form SC 13G/A filed by Ambac Financial Group Inc.
$AMBC
Property-Casualty Insurers
Finance
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/18/2024 | $13.00 → $15.00 | Neutral → Buy | ROTH MKM |
| 8/9/2023 | $18.00 | Neutral → Buy | Compass Point |
| 11/28/2022 | $18.00 | Neutral | Compass Point |
ROTH MKM upgraded Ambac from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
Compass Point upgraded Ambac from Neutral to Buy and set a new price target of $18.00
Compass Point initiated coverage of Ambac with a rating of Neutral and set a new price target of $18.00
Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac"), an insurance holding company focused on insurance distribution and specialty property and casualty insurance, today provided an update on the timing of the sale of its legacy financial guarantee business and the extension of the maturity date of its outstanding credit facility. The regulatory review process for the sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to funds managed by Oaktree Capital Management, L.P. is nearing completion and a hearing is expected to be held in the third quarter. Claude LeBlanc, President and Chief Executive Officer of Ambac stated, "Although the transaction has exceeded the anticipated ti
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- (Excellent) carrier, to launch a new Excess program for Petroleum Gasoline Haulers. This Excess program is specifically designed to meet the needs of retail and wholesale Petroleum Gasoline Haulers engaged in petroleum and propane product distribution. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska. This non-admitted product provides enhanced flexibility for retail agents, enabling them to effectively address the unique risks faced by their petroleum indu
Total revenue from continuing P&C operations increased 27% for the quarter to $63 million Total P&C premium production increased 70% for the quarter to $318 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the First Quarter 2025. First Quarter 2025 vs. First Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $41 million for the quarter, an increase of 129% Net loss to Shareholders of $(2) million for the quarter, down 145%, with a (4.3)% margin vs. 21.2% Adjusted EBITDA of $12 million for the quarter, up 136%, with a 29.5% margin vs. 28.7% Adjusted EBITDA to
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
10-Q - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
Total revenue from continuing P&C operations increased 27% for the quarter to $63 million Total P&C premium production increased 70% for the quarter to $318 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the First Quarter 2025. First Quarter 2025 vs. First Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $41 million for the quarter, an increase of 129% Net loss to Shareholders of $(2) million for the quarter, down 145%, with a (4.3)% margin vs. 21.2% Adjusted EBITDA of $12 million for the quarter, up 136%, with a 29.5% margin vs. 28.7% Adjusted EBITDA to
Conference Call Scheduled for May 13, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release first quarter 2025 results on May 12, 2025, following the close of the market. Conference Call On May 13, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493
Total revenue from continuing operations increased 89% for the year to $236 million Total Specialty P&C Insurance premium increased 74% for the year to $876 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024. Fourth Quarter 2024 and Full Year Highlights Strategic Business Transition: Ambac advanced its strategic transformation by entering the final stages of the sale of its Legacy Financial Guarantee business, a pivotal move positioning the company for long-term growth. This resulted in a loss on disposal of $(570) million in the quarter, resulting from our adoption of the