Ambac Financial Group, Inc. (AMBC) Stake Decreased by Legal & General Group Plc

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Legal & General Group Plc reduced its position in Ambac Financial Group, Inc. (NASDAQ:AMBC) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 98,299 shares of the financial services provider’s stock after selling 844 shares during the quarter. Legal & General Group Plc’s holdings in Ambac Financial Group were worth $1,682,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMBC. Thrivent Financial for Lutherans increased its holdings in shares of Ambac Financial Group by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 32,467 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 714 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Ambac Financial Group during the 4th quarter valued at approximately $226,000. Sontag Advisory LLC purchased a new position in shares of Ambac Financial Group during the 4th quarter valued at approximately $179,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Ambac Financial Group by 322.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,982 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 10,676 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Ambac Financial Group by 172.0% during the 4th quarter. Squarepoint Ops LLC now owns 88,912 shares of the financial services provider’s stock valued at $1,533,000 after purchasing an additional 56,222 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Separately, BidaskClub lowered shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

NASDAQ:AMBC opened at $18.50 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 5.02. The company has a market cap of $838.83 million, a PE ratio of 2.81 and a beta of 0.94. Ambac Financial Group, Inc. has a 1-year low of $15.02 and a 1-year high of $23.34.

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About Ambac Financial Group

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.

Read More: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding AMBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambac Financial Group, Inc. (NASDAQ:AMBC).

Institutional Ownership by Quarter for Ambac Financial Group (NASDAQ:AMBC)

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