Compass Point initiated coverage on Ambac with a new price target
$AMBC
Property-Casualty Insurers
Finance
Compass Point initiated coverage of Ambac with a rating of Neutral and set a new price target of $18.00
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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 |
Conference Call Scheduled for November 13, 2024 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release third quarter 2024 results on November 12, 2024, following the close of the market. Conference Call On November 13, 2024, 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 third quarter 2024 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
Closes the acquisition of Beat Capital Partners Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net loss under $(1) million or $(0.02) per diluted share and Adjusted net income of $8 million or $0.18 per diluted share Insurance Distribution ("Cirrata") generated net income of $1 million and EBITDA of $2 million on $53 million of premiums placed Specialty P&C Insurance ("Everspan") produced Gross Premium Written of $111 million up 109% from second quarter of 2023 Total P&C Premium Production of $165 million, an increase of 75% from t
Conference Call Scheduled for August 6, 2024 Ambac Financial Group, Inc. (NYSE:AMBC), a financial services holding company, today announced that it will release second quarter 2024 results on August 5, 2024, following the close of the market. Conference Call On August 6, 2024, at 8:00 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2024 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 (Dom
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
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today. Ms. Matus will be a member of the Board's Audit and Compensation committees, while Mr. Price will be a member of the Audit and Strategy committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230622048794/en/Kristi A. Matus has joined the Board of Directors of Ambac Financial Group (Photo: Business Wire) "We are pleased to welcome Kristi Matus and Michael Price to Ambac's Board of Directors," said Jeffrey S. Stein, Chair
Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC) ("Ambac"), a financial services holding company, today announced the appointment of Naveen Anand as President of Cirrata Group, Ambac's insurance distribution division. Anand, the former Group President of Players Health, will be responsible for expanding Cirrata Group and building its profile in the specialty property and casualty insurance market. This is a newly created position reporting to Claude LeBlanc, President and CEO of Ambac. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005342/en/Ambac has
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE:AMBC), today announced the appointment of Christopher LaDelfa as Senior Vice President and head of its Captive Solutions unit, a newly-created division that will utilize Xchange's wholly owned protected cell company, Distribution Re. LaDelfa will be based in New Jersey. Launched in January, Distribution Re insures accident & health risks mainly in the form of high deductible medical stop loss plans. The captive is domiciled in Tennessee. "I am so pleased that Chris with his nearly 20 years of stop loss industry experience, integrity and reputation has agreed to join the Xchange team," said Pete
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
Conference Call Scheduled for November 13, 2024 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release third quarter 2024 results on November 12, 2024, following the close of the market. Conference Call On November 13, 2024, 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 third quarter 2024 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
Beat Capital Partners ("Beat"), a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), has partnered with former CrossCover executive Brett Dupre to launch U.S.-based Fallow Grove Insurance Services ("Fallow Grove"). Dupre has more than 35 years of industry experience and was also a former executive at AmRisc Group and FM Global. The Fallow Grove product offering is focused on excess and surplus lines technical and general commercial property insurance, designed to address the complex risks, exposures and challenges faced by businesses across the United States. Dupre, president and chief executive officer of Fallow Grove,
Approximately 95% of Votes Cast Approved the Transaction Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), an insurance holding company, announced that at the special meeting of shareholders (the "Special Meeting") held earlier today, its shareholders voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management, L.P. will acquire its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited (the "Sale" proposal). "We are pleased to reach this important milestone towards the completion of the Sale and thank our shareholders for their overwhelming support," Ambac President and Chief Executive Officer Claude
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
DEFA14A - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
DEFA14A - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
SC 13G/A - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
SC 13G - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
SC 13G/A - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr