JPMorgan Chase & Co. Buys 92,100 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

JPMorgan Chase & Co. raised its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 56.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 254,072 shares of the company’s stock after buying an additional 92,100 shares during the period. JPMorgan Chase & Co. owned about 0.54% of Ambac Financial Group worth $2,848,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Ambac Financial Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company’s stock valued at $11,537,000 after purchasing an additional 28,573 shares during the last quarter. Barclays PLC boosted its stake in Ambac Financial Group by 30.9% in the third quarter. Barclays PLC now owns 376,102 shares of the company’s stock valued at $4,216,000 after acquiring an additional 88,863 shares during the last quarter. XTX Topco Ltd acquired a new stake in Ambac Financial Group during the 3rd quarter worth $172,000. Wexford Capital LP bought a new stake in shares of Ambac Financial Group during the 3rd quarter valued at $202,000. Finally, Western Standard LLC acquired a new position in shares of Ambac Financial Group in the 3rd quarter valued at $3,094,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Stock Down 0.5 %

Shares of Ambac Financial Group stock opened at $11.39 on Tuesday. The business has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $11.85. The stock has a market cap of $540.53 million, a PE ratio of -24.77 and a beta of 1.24. 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 12 month low of $10.12 and a 12 month high of $18.45.

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.