ambac financial group, inc. (“ambac”), headquartered in new york city, is a holding company whose subsidiaries, including its principal operating subsidiary, ambac assurance corporation (“ambac assurance”), everspan financial guarantee corporation, and ambac assurance uk limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. ambac assurance, including the segregated account of ambac assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. ambac is also exploring opportunities involving the development or acquisition of new financial services businesses. ambac’s common stock trades on the nasdaq global select market (nasdaq: ambc)
Company profile
Ticker
AMBC
Exchange
Website
CEO
Claude LeBlanc
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMBAC INC /DE/
SEC CIK
Corporate docs
Subsidiaries
All Trans Risk Solutions, LLC • Ambac Asset Management, Inc. • Ambac Assurance Corporation • Ambac Assurance UK Limited • Ambac Capital Corporation • Ambac Financial Services, LLC • Ambac Investments, Inc. • Capacity Marine Corporation • Cirrata Group LLC • Cirrata Partners Insurance Agency, LLC ...
IRS number
133621676
AMBC stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
8 Apr 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Ambac Reports Fourth Quarter 2023 Results
27 Feb 24
8-K
Entry into a Material Definitive Agreement
27 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Ambac Reports Third Quarter 2023 Results
7 Nov 23
8-K
Departure of Directors or Certain Officers
6 Oct 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
8-K
Ambac Reports Second Quarter 2023 Results
7 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 23
Transcripts
AMBC
Earnings call transcript
2023 Q4
28 Feb 24
AMBC
Earnings call transcript
2023 Q3
8 Nov 23
AMBC
Earnings call transcript
2023 Q2
8 Aug 23
AMBC
Earnings call transcript
2023 Q1
10 May 23
AMBC
Earnings call transcript
2022 Q4
1 Mar 23
AMBC
Earnings call transcript
2022 Q3
9 Nov 22
AMBC
Earnings call transcript
2022 Q2
9 Aug 22
AMBC
Earnings call transcript
2022 Q1
11 May 22
AMBC
Earnings call transcript
2021 Q4
25 Feb 22
AMBC
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 302.00 mm | 302.00 mm | 302.00 mm | 302.00 mm | 302.00 mm | 302.00 mm |
Cash burn (monthly) | 2.33 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 15.51 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 286.49 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 122.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
80.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 166 |
Opened positions | 23 |
Closed positions | 18 |
Increased positions | 56 |
Reduced positions | 51 |
13F shares | Current |
---|---|
Total value | 433.66 bn |
Total shares | 36.20 mm |
Total puts | 142.90 k |
Total calls | 170.20 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.83 mm | $82.38 bn |
Vanguard | 4.82 mm | $58.17 bn |
Dimensional Fund Advisors | 2.54 mm | $30.61 bn |
FMR | 2.02 mm | $24.36 bn |
STT State Street | 1.61 mm | $19.41 bn |
Repertoire Partners | 1.52 mm | $18.35 bn |
Boussard & Gavaudan Investment Management | 1.37 mm | $16.81 bn |
Geode Capital Management | 901.26 k | $10.87 bn |
IVZ Invesco | 885.46 k | $10.68 bn |
Bracebridge Capital | 799.23 k | $9.64 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Stein Jeffrey Scott | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,299 | 0.00 | 142,892 |
1 Apr 24 | Haft Ian David | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,299 | 0.00 | 107,006 |
1 Apr 24 | Lisa G Iglesias | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,299 | 0.00 | 42,862 |
1 Apr 24 | Lammtennant Joan M | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,299 | 0.00 | 82,075 |
1 Apr 24 | Michael D Price | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,299 | 0.00 | 14,264 |
News
Insurance Stocks Moving In Monday's Intraday Session
4 Mar 24
Insurance Stocks Moving In Thursday's Intraday Session
29 Feb 24
Insurance Stocks Moving In Wednesday's Intraday Session
28 Feb 24
Ambac Financial Group Q4 2023 Adj EPS $0.32 Beats $(0.02) Estimate, Sales $75.50M Beat $66.56M Estimate
27 Feb 24
Earnings Scheduled For February 27, 2024
27 Feb 24