Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ambac Financial ( (AMBC) ) has provided an update.
Ambac Financial Group announced an extension of its stock purchase agreement with Oaktree Capital Management for the sale of its financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, until December 31, 2025. This transaction, valued at $420 million, is a strategic move towards transforming Ambac into a pure-play specialty P&C insurance platform. Both parties are committed to the transaction, pending final regulatory approval, and have agreed on new terms regarding warrants and lease obligations.
The most recent analyst rating on (AMBC) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Ambac Financial stock, see the AMBC Stock Forecast page.
Spark’s Take on AMBC Stock
According to Spark, TipRanks’ AI Analyst, AMBC is a Neutral.
Ambac Financial’s overall stock score is primarily impacted by substantial financial challenges, weak technical indicators, and a high valuation. Despite some positive aspects from the earnings call, such as growth in specific segments, the overall sentiment remains cautious due to significant net losses and operational difficulties.
To see Spark’s full report on AMBC stock, click here.
More about Ambac Financial
Ambac Financial Group, Inc. is an insurance holding company based in New York City, focusing on a specialty property and casualty (P&C) distribution and underwriting platform. Its common stock is traded on the New York Stock Exchange under the symbol AMBC.
Average Trading Volume: 1,055,189
Technical Sentiment Signal: Sell
Current Market Cap: $333.8M
For detailed information about AMBC stock, go to TipRanks’ Stock Analysis page.