Prudential Financial Inc. lessened its stake in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,670 shares of the company's stock after selling 124,000 shares during the period. Prudential Financial Inc. owned 0.10% of Ambac Financial Group worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in Ambac Financial Group during the 3rd quarter worth $46,000. Aigen Investment Management LP acquired a new stake in shares of Ambac Financial Group in the 4th quarter worth approximately $146,000. AXQ Capital LP purchased a new position in Ambac Financial Group during the 4th quarter valued at about $153,000. KLP Kapitalforvaltning AS purchased a new position in Ambac Financial Group during the fourth quarter worth $157,000. Finally, XTX Topco Ltd acquired a new position in shares of Ambac Financial Group in the third quarter valued at approximately $172,000. 84.49% of the stock is owned by institutional investors and hedge funds.
Ambac Financial Group Trading Up 0.3 %
Ambac Financial Group stock traded up $0.02 during trading on Friday, hitting $6.57. The company's stock had a trading volume of 941,600 shares, compared to its average volume of 660,374. The stock's fifty day moving average is $9.37 and its 200 day moving average is $11.03. Ambac Financial Group, Inc. has a 1-year low of $6.33 and a 1-year high of $18.45. The stock has a market capitalization of $303.67 million, a price-to-earnings ratio of -14.28 and a beta of 1.09. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $24.83 million. As a group, equities research analysts predict that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.
Ambac Financial Group Company Profile
(
Free Report)
Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.
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