Ambac Financial Group (AMBC) Set to Announce Earnings on Tuesday

Ambac Financial Group (NYSE:AMBC) will be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ambac Financial Group Stock Up 1.0 %

Ambac Financial Group stock opened at $11.41 on Friday. 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 has a 12-month low of $10.12 and a 12-month high of $18.45. The firm’s fifty day moving average is $11.30 and its 200 day moving average is $12.86. The company has a market capitalization of $541.29 million, a PE ratio of 7.22 and a beta of 1.22.

Analyst Ratings Changes

AMBC has been the topic of several research reports. StockNews.com downgraded shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Roth Capital upgraded shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Roth Mkm upgraded shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $15.00 in a report on Wednesday, September 18th.

Insider Transactions at Ambac Financial Group

In other news, Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction dated Thursday, September 26th. The stock was purchased at an average price of $11.27 per share, for a total transaction of $30,429.00. Following the purchase, the director now directly owns 2,700 shares in the company, valued at $30,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

About Ambac Financial Group

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.