AMBC stock gains 6.98 percent as Octave trades at USD 4.60

Published on 10/04/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMBC stock now represents Octave Specialty Group after its rebrand from Ambac, while Q2 revenue reached USD 83.00 million. Five analysts hold a consensus rating of Hold.

AMBC, US0231398845, Illustration mit AI erstellt.

AMBC stock (ISIN US0231398845) rose 6.98 percent to USD 4.60 on the NYSE on October 2, 2026, giving the former Ambac Financial Group a market capitalization of USD 207.1 million. The issuer now operates as Octave Specialty Group, following its November 2025 rebranding, while its ticker changed from AMBC to OSG, according to MarketScreener.

Q2 revenue beats the estimate

For the quarter ended June 30, 2026, Octave reported revenue of USD 83.00 million and adjusted? no, reported EPS of negative USD 0.04, according to MarketBeat. Revenue exceeded the USD 22.79 million consensus estimate, while the loss per share was USD 0.03 worse than the USD 0.01 consensus loss.

The structured quarterly figures show a consolidated net loss of USD 12.156 million in Q2 2026, compared with a net loss of USD 2.863 million in Q1 2026. Operating cash flow also shifted from positive USD 21.085 million in Q1 to negative USD 41.395 million in Q2, making earnings quality the central counterweight to the revenue result.

Hold consensus leaves a wide gap

MarketBeat reported a Hold consensus from five analysts on September 22, 2026, with one Sell, two Hold and two Buy ratings. Its average 12-month price target was USD 11.50, which placed the target 150.0 percent above the USD 4.60 reference price.

The company describes itself as a specialty insurance platform serving the United States, United Kingdom and Bermuda. Its investor-relations site lists USD 2.0 billion of third-party capacity, more than USD 1.3 billion of 2025 premium production, nine MGAs launched since 2024 and more than 45 controlled or partnered MGA programs, according to Octave Specialty Group.

Stock remains below its yearly high

At USD 4.60 on October 2, 2026, the stock stood USD 5.78 below its 52-week high of USD 10.38 and USD 0.72 above its 52-week low of USD 3.88. Trading volume was 673,431 shares, while the USD 207.1 million market capitalization places the company firmly in the small-cap insurance segment.