Ambac Financial Group, Inc. (NYSE:AMBC) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 1,133.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,134 shares of the company's stock after buying an additional 69,963 shares during the quarter. Federated Hermes Inc. owned about 0.17% of Ambac Financial Group worth $1,255,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Gladius Capital Management LP raised its holdings in Ambac Financial Group by 71.3% during the third quarter. Gladius Capital Management LP now owns 2,528 shares of the company's stock worth $30,000 after purchasing an additional 1,052 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Ambac Financial Group during the third quarter worth $72,000. Sherbrooke Park Advisers LLC acquired a new position in Ambac Financial Group during the third quarter worth $122,000. SG Americas Securities LLC acquired a new position in Ambac Financial Group during the third quarter worth $182,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Ambac Financial Group by 5.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,837 shares of the company's stock worth $239,000 after purchasing an additional 1,002 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Price Performance

Ambac Financial Group stock traded down $0.31 during mid-day trading on Tuesday, hitting $14.45. 328,993 shares of the company were exchanged, compared to its average volume of 369,460. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.72 and a quick ratio of 0.72. The business's 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $15.05. The company has a market capitalization of $653.43 million, a P/E ratio of 96.34 and a beta of 1.30. Ambac Financial Group, Inc. has a 12-month low of $11.26 and a 12-month high of $17.80.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.29. The company had revenue of $76.00 million during the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period in the previous year, the business posted $4.18 EPS. Analysts forecast that Ambac Financial Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Ambac Financial Group from a "hold" rating to a "sell" rating in a report on Friday.

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.