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Ambac Financial Group, Inc. (NASDAQ:AMBC) Stock Rating Reaffirmed by MKM Partners
13 August 2017, 10:36 | Hattie Nash
(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. The brokerage now has a $21.00 price objective on the financial services provider's stock, up from their prior price objective of $17.00.
To stay one step ahead we extended our research by comparing different price targets. Stifel Nicolaus maintained it with "Buy" rating and $155 target in Friday, July 28 report.
Ambac Financial Group (NASDAQ AMBC) traded down 2.95% during trading on Tuesday, reaching $19.08. The firm's market cap is $893.25 million. The stock has a 50 day moving average of $18.70 and a 200-day moving average of $19.03.
Ambac Financial Group, Inc. has a one year low of $15.67 and a one year high of $27.25. (NASDAQ:AMBC) news were published by: Seekingalpha.com which released: "Ambac Financial's (AMBC) CEO Claude LeBlanc on Q1 2017 Results - Earnings Call ..." on May 11, 2017, also Globenewswire.com with their article: "Ambac Names R. Sharon Smith Senior Managing Director, Chief of Staff" published on May 17, 2017, Globenewswire.com published: "Ambac Names Lisa A. Kampf as Managing Director, Investor Relations" on April 26, 2017. 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. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. Revenue for the quarter also killed consensus, coming in at $126.23 Million, compared to the consensus of 121.9 Million. During the same quarter past year, the business posted $2.54 EPS. Over the past 2 quarters, Ambac Financial Group, Inc. Analysts expect that Fidelity National Financial, Inc. will post $2.55 EPS for the current fiscal year. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global trademark & copyright law. If you are accessing this news story on another domain, it was stolen and republished in violation of worldwide copyright and trademark laws.
Legal & General Group Plc cut its stake in Ambac Financial Group, Inc.
In related news, President Michael Joseph Nolan sold 80,748 shares of the company's stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of $16.45 per share, with a total value of $123,375.00. The company had a trading volume of 1,025,023 shares. (NYSE:FNF) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
French leader urges calm in North Korea crisis
Trump dialed up the rhetoric early Friday, tweeting that the US military is "locked and loaded, should North Korea act unwisely". Trump's warning came after the North threatened to fire ballistic missiles over Japan towards the US Pacific island of Guam.
Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $106,992 activity.
A number of other hedge funds also recently bought and sold shares of AMBC. State Board of Administration of Florida Retirement System raised its stake in shares of Ambac Financial Group by 0.6% in the fourth quarter. Lazard Asset Management LLC raised its stake in shares of Ambac Financial Group by 1.5% in the second quarter. Pacer Advisors Inc. increased its stake in shares of Fidelity National Financial by 3.1% 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. Old Mutual Global Investors UK Ltd. boosted its stake in Ambac Financial Group by 2,194.9% in the first quarter. Finally, Dai Ichi Life Insurance Company Ltd acquired a new position in Fidelity National Financial during the first quarter valued at approximately $210,000. The firm earned "Sell" rating on Monday, December 19 by M Partners. The total value of its holdings decreased 66.7%. 1,025,023 shares of the stock were exchanged. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. TNB Financial now owns 5,608 shares of the financial services provider's stock worth $251,000 after buying an additional 58 shares in the last quarter. 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.
North Korea Tension: Beijing Tries Balancing Act
The threat itself came after Trump warned of " fire and fury ", urging North Korea to abandon its nuclear ambitions. At the same time, some of the public's anxiety is about Trump and his off the cuff handling of the situation.
PGA Championship: Kevin Kisner clinging to one-stroke lead
He finished the tournament at 8 over, three shots off the cut line. "Sometimes, I get a little too aggressive, like on 18". That's what I'm looking to do here". "I'm going to keep it mellow and relaxed like it's been the first two days".
3.5m North Koreans request to enlist in Army
Thousands of workers gathered in the capital Pyongyang in protest and in defiance of Donald Trump's warning of " fire and fury ". Ghosts of the last time America went to war in Korea have been brought back to life through the work of a British electrician.
Eclipse glasses becoming harder to find
A Kansas woman told station KWCH 12 she bought 500 solar eclipse glasses for kids at a local school - which turned out to be fake. Any filter less opaque than that may cause severe eye damage that would not become evident until hours later, Chou warned.
The International 2017 Grand Final
The European team beat the Chinese opponents Newbee, which took home $3.9 million for a second-place position. Team Liquid are the victors of The International 7, a Dota 2 tournament with over $US24 million in prize pool.
Venezuela rejects Trump talk of military option
Venezuela's foreign minister said Mr Trump's words had been hostile and disrespectful and risked destablising Latin America. Venezuelan Defense Minister Vladimir Padrino called Trump's talk of possible military action a "crazy act".
Simon Property Group Inc (SPG) Releases FY17 Earnings Guidance
Finally, ValuEngine downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. State Treasurer State Of Michigan holds 0.14% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 102,798 shares.