Price T Rowe Associates Inc. MD increased its stake in Ambac Financial Group, Inc. (NYSE:AMBC – Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,405 shares of the company’s stock after purchasing an additional 1,861 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Ambac Financial Group were worth $601,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Ambac Financial Group by 95.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,542 shares of the company’s stock worth $165,000 after buying an additional 5,145 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Ambac Financial Group during the 4th quarter worth approximately $165,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Ambac Financial Group during the 4th quarter worth approximately $178,000. State Board of Administration of Florida Retirement System increased its stake in Ambac Financial Group by 27.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,040 shares of the company’s stock valued at $248,000 after acquiring an additional 3,410 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Ambac Financial Group by 55.3% during the first quarter. BNP Paribas Financial Markets now owns 23,370 shares of the company’s stock valued at $365,000 after purchasing an additional 8,318 shares in the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.
Ambac Financial Group Stock Performance
Shares of Ambac Financial Group stock opened at $11.00 on Wednesday. The company’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $14.70. The firm has a market capitalization of $497.48 million, a P/E ratio of 8.40 and a beta of 1.24. Ambac Financial Group, Inc. has a fifty-two week low of $10.12 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.71 and a quick ratio of 0.71.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AMBC shares. StockNews.com lowered Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Compass Point lifted their target price on Ambac Financial Group from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.
Read Our Latest Stock Analysis on Ambac Financial Group
Insider Activity
In other Ambac Financial Group news, General Counsel Stephen Michael Ksenak bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $55,000.00. Following the transaction, the general counsel now directly owns 116,609 shares in the company, valued at $1,282,699. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO David Trick acquired 3,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $10.76 per share, with a total value of $39,812.00. Following the completion of the purchase, the chief financial officer now directly owns 156,082 shares in the company, valued at $1,679,442.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen Michael Ksenak bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $11.00 per share, with a total value of $55,000.00. Following the transaction, the general counsel now directly owns 116,609 shares in the company, valued at approximately $1,282,699. The disclosure for this purchase can be found here. Insiders bought 34,800 shares of company stock valued at $377,016 over the last quarter. 5.00% of the stock is owned by company insiders.
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.
See Also
- Five stocks we like better than Ambac Financial Group
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- What is a Stock Market Index and How Do You Use Them?
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
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. (NYSE:AMBC – Free Report).
Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.