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In a notable move, Jeffrey Scott Stein, a director at Ambac Financial Group Inc . (NYSE:AMBC), recently acquired a significant amount of the company’s common stock. On May 14, Stein purchased a total of 15,000 shares, amounting to approximately $96,900. The shares were bought at prices ranging from $6.45 to $6.48 per share. Following this transaction, Stein’s total ownership in Ambac Financial stands at 50,000 shares. This acquisition comes at an interesting time, as InvestingPro data shows the stock trading at just 0.36 times book value, with shares down 48% year-to-date. The company’s current market capitalization stands at $303 million, and according to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. For deeper insights into insider trading patterns and 10 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Ambac Financial Group reported its first-quarter 2025 earnings, revealing a net loss from continuing operations of $16 million, equating to a loss of $0.58 per share. This result contrasts with the previous year’s net loss of $4 million. Despite the widened loss, Ambac saw a 27% increase in revenue year-over-year, reaching $63 million, driven primarily by a significant 129% growth in the Dorado segment. Analysts had projected a loss of $0.07 per share, but the actual earnings per share came in at -$0.13, missing expectations. However, the revenue surpassed forecasts, coming in at $41 million against an anticipated $36 million. The company also launched six new MGAs in 2024, with two achieving profitability within a year. Looking ahead, Ambac aims to reach an adjusted EBITDA of $80-90 million by 2028 and is focused on expanding its MGA platform. The pending sale of its legacy business is expected to transition Ambac into a pure-play specialty P&C insurer.
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