Ambac Financial Group, Inc. (NYSE:AMBC) Position Cut by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,216,048 shares of the company's stock after selling 902,375 shares during the period. Vanguard Group Inc. owned about 6.78% of Ambac Financial Group worth $40,683,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Ambac Financial Group by 2.6% in the third quarter. State Street Corp now owns 1,653,544 shares of the company's stock valued at $18,536,000 after acquiring an additional 42,504 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ambac Financial Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company's stock valued at $11,537,000 after purchasing an additional 28,573 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ambac Financial Group by 3.9% during the fourth quarter. American Century Companies Inc. now owns 929,345 shares of the company's stock worth $11,756,000 after purchasing an additional 34,861 shares during the last quarter. Barclays PLC grew its stake in Ambac Financial Group by 30.9% in the third quarter. Barclays PLC now owns 376,102 shares of the company's stock worth $4,216,000 after purchasing an additional 88,863 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Ambac Financial Group by 56.9% in the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company's stock valued at $2,848,000 after buying an additional 92,100 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

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Ambac Financial Group Stock Performance

NYSE:AMBC traded up $0.19 during trading hours on Wednesday, reaching $7.19. 487,115 shares of the stock were exchanged, compared to its average volume of 661,220. Ambac Financial Group, Inc. has a 52 week low of $6.33 and a 52 week high of $18.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $332.48 million, a P/E ratio of -15.63 and a beta of 1.09. The firm has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $10.97.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released 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). The business had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. As a group, sell-side analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Ambac Financial Group Company 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.