Ambac Financial Group, Inc. (AMBC) Stake Reduced by Legal & General Group Plc

Ambac Financial Group Inc. logo

Moreover, Davis Capital Partners Llc has 7.25% invested in the company for 1.88 million shares. Old Mutual Global Investors UK Ltd. boosted its stake in Ambac Financial Group by 2,194.9% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider's stock worth $271,000 after buying an additional 39 shares during the last quarter. It also reduced its holding in Ishares Tr (HEWG) by 21,150 shares in the quarter, leaving it with 11,350 shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM). First Citizens Bank & Trust Co. now owns 13,894 shares of the financial services provider's stock worth $541,000 after buying an additional 55 shares in the last quarter. James Investment Research Inc. acquired a new stake in Ambac Financial Group during the first quarter valued at approximately $1,675,000. Lazard Asset Management LLC now owns 33,969 shares of the financial services provider's stock worth $589,000 after buying an additional 509 shares during the last 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. 519,456 shares of the stock were exchanged. Insiders sold a total of 411,800 shares of company stock worth $18,218,120 over the last ninety days. (NYSE:FNF) opened at 47.06 on Friday.

Ambac Financial Group, Inc. has a 1-year low of $15.67 and a 1-year high of $27.25. The 50 day moving average was up $1.04 or +5.61% whereas the 200 day moving average was up $0.61 or +3.18%.

Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. Ambac Financial Group had a positive return on equity of 5.69% and a negative net margin of 16.39%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter a year ago, the company posted $2.54 EPS. The business's revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts anticipate that Fidelity National Financial, Inc. will post $2.55 EPS for the current year. Company has far performed well this year, with the share price down -11.24% since January.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. This represents a $1.00 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial does not pay a dividend.

This is a breakdown of recent ratings for Fidelity National Financial and Stewart Information Services Corporation, as provided by MarketBeat. "(NYSE:FNF)" was published by Transcript Daily and is the property of of Transcript Daily. The original version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/13/us-bancorp-de-lowers-position-in-fidelity-national-financial-inc-fnf-updated.html. (AMBC) stake by 92.88% reported in 2016Q4 SEC filing. Stifel Nicolaus maintained it with "Buy" rating and $155 target in Friday, July 28 report. The company now has an average rating of "Buy" and an average target price of $46.60.

On November 11 the stock rating was upgraded from "Neutral" to "Sell" and a price target of $25.00 was set in a statement from MKM Partners. BTIG Research restated a "buy" rating and issued a $26.00 price target on shares of Ambac Financial Group in a research note on Saturday, July 22nd. The stock presently has a consensus rating of "Buy" and a consensus target price of $46.60. The shares were purchased at an average cost of $16.45 per share, with a total value of $123,375.00. About 288,832 shares traded. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The firm has "Neutral" rating by M Partners given on Friday, May 12. The total value of its holdings decreased 30.9%. Following the completion of the sale, the executive vice president now directly owns 89,575 shares in the company, valued at approximately $4,257,499.75.

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