Ambac Financial Group, Inc. (AMBC) Can't Be More Risky. Trades Sigfnicicantly Lower

Gladys Abbott
August 13, 2017

Teachers Advisors LLC now owns 74,932 shares of the financial services provider's stock valued at $1,686,000 after buying an additional 1,909 shares during the period. The firm owned 6,931 shares of the financial services provider's stock after selling 899 shares during the period. Finally, CWM LLC purchased a new stake in Fidelity National Financial during the first quarter worth $5,109,000. Tower Research Capital LLC (trc) reduced its stake by shedding 151 shares a decrease of 58.5% in the quarter. State of Alaska Department of Revenue acquired a new position in shares of Fidelity National Financial during the first quarter valued at $672,000. FTB Advisors Inc. now owns 3,891 shares of the financial services provider's stock valued at $159,000 after buying an additional 2,727 shares during the last quarter. Institutional investors and hedge funds own 73.47% of the company's stock. BidaskClub raised shares of Fidelity National Financial from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 21st. (FNF) traded down 0.68% during midday trading on Friday, reaching $47.06. The firm's 50-day moving average is $16.24 and its 200-day moving average is $13.88. Goldentree Asset Management Lp who had been investing in Ambac Finl Group Inc for a number of months, seems to be bullish on the $893.27 million market cap company. Fidelity National Financial has a 52-week low of $11.00 and a 52-week high of $17.90. The value of the investment in Ambac Financial Group, Inc. went from $16,601,000 to $23,790,000 a change of $7,189,000 since the last quarter. As of the latest earnings report the EPS was $-1.33 and is expected to be $0.70 for the current year with 45,228,000 shares now outstanding. The firm had revenue of $172.85 million for the quarter, compared to the consensus estimate of $127.75 million. Ambac Financial Group had a negative net margin of 16.39% and a positive return on equity of 5.74%. The company's quarterly revenue was up 36.9% compared to the same quarter previous year. Next quarter's EPS is forecasted at $0.92 and the next full year EPS is projected to be $2.71. Stockholders of record on Friday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Fidelity National Financial's dividend payout ratio (DPR) is 43.67%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of USA and worldwide copyright laws. The legal version of this report can be viewed at (AMBC) stake by 92.88% reported in 2016Q4 SEC filing. Zacks Investment Research downgraded shares of Fidelity National Financial from a buy rating to a hold rating in a report on Tuesday, July 4th. (NASDAQ:AMBC), 1 have Buy rating, 0 Sell and 1 Hold. (NASDAQ:AMBC) on Thursday, March 2 to "Buy" rating. The shares were sold at an average price of $44.77, for a total value of $2,636,773.92. (FNF) Shares Sold by P.R. Herzig & Co. The company has an average rating of "Buy" and a consensus target price of $46.60. Following the acquisition, the chief executive officer now directly owns 25,400 shares in the company, valued at $417,830. The disclosure for this sale can be found here. 1,025,023 shares of the company's stock were exchanged. Also, CFO Anthony Park sold 138,941 shares of the stock in a transaction dated Friday, May 19th. (Ambac), launched on April 29, 1991, is a financial services holding company. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries.

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Fidelity National Financial, Inc (FNF) is a holding company. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other.

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