Ambac Financial Group, Inc. (NYSE:AMBC) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 26.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 49,890 shares of the company’s stock after purchasing an additional 10,336 shares during the quarter. Texas Permanent School Fund Corp owned 0.11% of Ambac Financial Group worth $640,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Ambac Financial Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock worth $42,908,000 after buying an additional 65,733 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ambac Financial Group by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock worth $10,705,000 after acquiring an additional 9,493 shares during the last quarter. Gendell Jeffrey L raised its position in shares of Ambac Financial Group by 118.0% during the first quarter. Gendell Jeffrey L now owns 434,313 shares of the company’s stock worth $6,788,000 after purchasing an additional 235,058 shares during the period. Empowered Funds LLC lifted its holdings in shares of Ambac Financial Group by 8.8% during the first quarter. Empowered Funds LLC now owns 154,084 shares of the company’s stock valued at $2,408,000 after purchasing an additional 12,457 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Ambac Financial Group by 100.3% in the 4th quarter. Assetmark Inc. now owns 91,123 shares of the company’s stock worth $1,502,000 after purchasing an additional 45,630 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMBC shares. Roth Mkm raised shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a research report on Wednesday. Roth Capital upgraded Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, StockNews.com downgraded Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th.

Ambac Financial Group Stock Down 2.9 %

Ambac Financial Group stock opened at $11.37 on Friday. Ambac Financial Group, Inc. has a twelve month low of $10.12 and a twelve month high of $18.45. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $514.21 million, a PE ratio of 8.68 and a beta of 1.24. The firm’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $13.78.

Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings data on Monday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Ambac Financial Group had a net margin of 19.27% and a return on equity of 10.79%. The firm had revenue of $105.00 million for the quarter. During the same period last year, the firm posted $0.07 earnings per share. On average, research analysts predict that Ambac Financial Group, Inc. will post 1.3 EPS for the current fiscal year.

Insider Activity at Ambac Financial Group

In other Ambac Financial Group news, CFO David Trick purchased 3,700 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $10.76 per share, for a total transaction of $39,812.00. Following the purchase, the chief financial officer now directly owns 156,082 shares in the company, valued at approximately $1,679,442.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffrey Scott Stein purchased 25,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $10.82 per share, for a total transaction of $270,500.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at approximately $378,700. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Trick acquired 3,700 shares of Ambac Financial Group stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $1,679,442.32. The disclosure for this purchase can be found here. In the last quarter, insiders bought 34,800 shares of company stock valued at $377,016. 5.00% of the stock is owned by corporate insiders.

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.