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

Lloyd Doyle
August 13, 2017

The fund owned 221,560 shares of the financial services provider's stock after selling 11,097 shares during the period. Barclays PLC lifted their price target on shares of Fidelity National Financial from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Monday, July 3rd. MKM Partners reissued a "neutral" rating and issued a $21.00 price target (up previously from $17.00) on shares of Ambac Financial Group in a report on Tuesday, July 25th.

More notable recent Ambac Financial Group, Inc. The company has market cap of $1.74 billion.

Shares are trading at $19.75 just a bit higher than the 50 day moving average of $18.18 and marginally over the 200 day moving average of $19.12.

This table compares Fidelity National Financial and Stewart Information Services Corporation's gross revenue, earnings per share (EPS) and valuation. Ambac Financial Group had a positive return on equity of 5.69% and a negative net margin of 16.39%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Ambac Financial Group will post $0.70 earnings per share for the current fiscal year.

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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. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the chief financial officer now owns 228,280 shares of the company's stock, valued at $9,423,398.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Teachers Advisors LLC now owns 74,932 shares of the financial services provider's stock valued at $1,686,000 after buying an additional 1,909 shares during the period.

Large investors have recently made changes to their positions in the company.

Steven Tananbaum increased its stake in Ambac Finl Group Inc (AMBC) by 102.81% based on its latest 2016Q4 regulatory filing with the SEC. 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. King Luther Capital Management Corp acquired a new position in Fidelity National Financial during the first quarter valued at approximately $204,000. 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. Pacer Advisors Inc. increased its stake in shares of Fidelity National Financial by 3.1% in the first quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Ambac Financial Group by 5.0% in the second quarter. EJF Capital LLC now owns 1,261,376 shares of the financial services provider's stock valued at $23,790,000 after buying an additional 523,550 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Fidelity National Financial by 4.7% in the first quarter.

A number of analysts have commented on the company. Also, President Michael Joseph Nolan sold 80,748 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The total value of its holdings decreased 66.7%. The Company operates through two segments: Financial Guarantee and Financial Services. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. The Company offers title insurance through its title insurance underwriters: Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc., which collectively issue title insurance policies.

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