Ambac Financial Group, Inc. (NYSE:AMBC) Stake Lessened by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 90.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,502 shares of the company's stock after selling 228,642 shares during the period. AQR Capital Management LLC owned about 0.05% of Ambac Financial Group worth $301,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp increased its stake in Ambac Financial Group by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 39,554 shares of the company's stock valued at $618,000 after acquiring an additional 770 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Ambac Financial Group by 4.9% in the first quarter. Illinois Municipal Retirement Fund now owns 27,952 shares of the company's stock worth $437,000 after buying an additional 1,307 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company's stock worth $126,000 after buying an additional 1,637 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ambac Financial Group by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company's stock valued at $601,000 after purchasing an additional 1,861 shares in the last quarter. Finally, Caxton Associates LP increased its stake in shares of Ambac Financial Group by 10.9% during the second quarter. Caxton Associates LP now owns 25,277 shares of the company's stock valued at $324,000 after purchasing an additional 2,485 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company's stock.

Insider Activity

In related news, Director Jeffrey Scott Stein purchased 25,000 shares of Ambac Financial Group stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $10.82 per share, with a total value of $270,500.00. Following the purchase, the director now owns 35,000 shares of the company's stock, valued at approximately $378,700. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jeffrey Scott Stein bought 25,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $10.82 per share, for a total transaction of $270,500.00. Following the acquisition, the director now owns 35,000 shares in the company, valued at approximately $378,700. This represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Trick bought 3,700 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.76 per share, with a total value of $39,812.00. Following the acquisition, the chief financial officer now owns 156,082 shares in the company, valued at approximately $1,679,442.32. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 37,500 shares of company stock worth $407,445 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Roth Mkm raised shares of Ambac Financial Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $15.00 in a research report on Wednesday, September 18th. Roth Capital upgraded shares of Ambac Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 18th. Finally, StockNews.com cut shares of Ambac Financial Group from a "hold" rating to a "sell" rating in a research note on Wednesday, August 14th.

Ambac Financial Group Stock Up 0.2 %

Shares of NYSE AMBC traded up $0.02 during midday trading on Thursday, reaching $11.97. 369,767 shares of the company's stock traded hands, compared to its average volume of 450,013. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37. The stock's 50 day simple moving average is $11.25 and its 200-day simple moving average is $13.27. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45. The company has a market cap of $541.34 million, a price-to-earnings ratio of 9.14 and a beta of 1.23.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The company had revenue of $105.00 million during the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same period in the prior year, the company posted $0.07 earnings per share. On average, analysts predict that Ambac Financial Group, Inc. will post 1.3 EPS for the current fiscal year.

Ambac Financial Group Profile

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.