JPMorgan Chase & Co. Boosts Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

JPMorgan Chase & Co. increased its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 56.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,072 shares of the company's stock after acquiring an additional 92,100 shares during the period. JPMorgan Chase & Co. owned about 0.54% of Ambac Financial Group worth $2,848,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in Ambac Financial Group by 397.4% during the second quarter. Marshall Wace LLP now owns 345,715 shares of the company's stock valued at $4,432,000 after purchasing an additional 276,210 shares during the period. Western Standard LLC bought a new stake in Ambac Financial Group during the third quarter valued at about $3,094,000. American Century Companies Inc. grew its holdings in Ambac Financial Group by 19.0% during the second quarter. American Century Companies Inc. now owns 797,096 shares of the company's stock valued at $10,219,000 after purchasing an additional 127,145 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Ambac Financial Group by 19.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 744,750 shares of the company's stock valued at $8,349,000 after purchasing an additional 123,360 shares during the period. Finally, Deerfield Management Company L.P. Series C bought a new stake in Ambac Financial Group during the second quarter valued at about $1,149,000. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Price Performance

Shares of Ambac Financial Group stock traded up $0.03 during trading hours on Tuesday, hitting $11.45. The company's stock had a trading volume of 285,568 shares, compared to its average volume of 496,272. The business has a 50 day moving average price of $12.35 and a two-hundred day moving average price of $11.85. Ambac Financial Group, Inc. has a 12-month low of $10.12 and a 12-month high of $18.45. The company has a market cap of $543.24 million, a PE ratio of -24.89 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58.

About Ambac Financial Group

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.