Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMBC. Aigen Investment Management LP acquired a new position in Ambac Financial Group in the fourth quarter worth about $146,000. AXQ Capital LP bought a new stake in shares of Ambac Financial Group in the 4th quarter valued at approximately $153,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Ambac Financial Group during the 4th quarter valued at approximately $157,000. XTX Topco Ltd bought a new position in Ambac Financial Group during the third quarter worth $172,000. Finally, Maryland State Retirement & Pension System acquired a new position in Ambac Financial Group in the fourth quarter worth $201,000. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Stock Performance

Shares of NYSE:AMBC traded up $0.03 on Thursday, reaching $7.16. 78,886 shares of the company's stock were exchanged, compared to its average volume of 987,049. The business's 50-day moving average is $9.09 and its two-hundred day moving average is $10.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $18.45. The firm has a market capitalization of $331.09 million, a price-to-earnings ratio of -15.57 and a beta of 1.09.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (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 the consensus estimate 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, equities research analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current 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.