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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.

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The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by $1.00. Another trade for 13,333 shares valued at $493,988 was sold by Aliabadi Paymon. 3,544 are held by Johnson Investment Counsel.

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).

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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.

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