Ambac Financial Group, Inc. (NASDAQ:AMBC) Stock Rating Reaffirmed by MKM Partners

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Ambac Financial Group (AMBC) Earns Daily Media Sentiment Score of 0.41

The fund owned 32,545 shares of the financial services provider's stock after buying an additional 6,788 shares during the period. Institutional investors own 83.22% of the company's stock. Evermore Global Advisors LLC increased its position in Ambac Financial Group by 34.5% in the second quarter. As of quarter end Morgan Stanley had disposed of 434 shares trimming its stake by 17.6%.

Large investors have recently bought and sold shares of the company. King Luther Capital Management Corp acquired a new position in Fidelity National Financial during the first quarter valued at approximately $204,000. AQR Capital Management LLC now owns 867,025 shares of the financial services provider's stock worth $16,352,000 after buying an additional 448,694 shares in the last quarter. Lincoln National Corp raised its position in Fidelity National Financial by 0.6% in the first quarter. Gargoyle Investment Advisor L.L.C. now owns 16,700 shares of the financial services provider's stock worth $315,000 after buying an additional 981 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Ambac Financial Group by 7.1% in the first quarter. 519,456 shares of the stock were exchanged. Company insiders own 1.00% of the company's stock.

Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.06 on Friday. The company has market cap of $1.74 billion.

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings results on Wednesday, May 10th. In the last earnings report the EPS was $-1.33 and is expected to be $0.70 for the current year with 45,228,000 shares now outstanding. Ambac Financial Group had a negative net margin of 16.39% and a positive return on equity of 5.74%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business posted $4.82 earnings per share. Ambac Financial Group's revenue for the quarter was down 46.9% on a year-over-year basis.

Ambac shares have declined 11 percent since the beginning of the year.

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The company is so far trading down since yesterday's close of $19.97. Investors of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.12%. Fidelity National Financial does not pay a dividend.

Fidelity National Financial, Inc (FNF) is a holding company. "(FNF) Shares Sold by US Bancorp DE" was originally reported by Rincon Hill News and is the sole property of of Rincon Hill News. The original version of this story can be viewed at (NASDAQ:AMBC) notched a 12-month high of $25.67 while $30.00 target is by far the most aggressive out of analysts who are now evaluating AMBC, $4.33 higher than the next highest 52-week price estimate. On Monday, July 31 the stock rating was upgraded by Argus Research to "Buy". (NASDAQ:AMBC)'s stock had its "buy" rating reissued by equities research analysts at BTIG Research in a research note issued on Saturday, July 22nd. Finally, Keefe, Bruyette & Woods restated a "hold" rating and issued a $38.00 target price on shares of Fidelity National Financial in a report on Wednesday, April 19th. (NASDAQ:AMBC) on Thursday, March 2 to "Buy" rating. Jefferies initiated the stock with "Buy" rating in Monday, July 10 report.

In other Ambac Financial Group news, CEO Claude Leblanc purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, May 18th.

Company chares are trading at $19.66 which is quite a bit higher than $18.62, the stock's 50 day moving average and just a bit higher than the 200 day moving average of $19.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony Park sold 138,941 shares of the business's stock in a transaction that occurred on Friday, May 19th. The lowest 12-month price target for the shares is $21.00, which would be an increase of about 5% of its current value. The disclosure for this sale can be found here.

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