Ambac Financial Group's (NASDAQ:AMBC) "Buy" Rating Reiterated at BTIG Research

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13 August, 2017

BTIG Research upgraded the shares of AMBC in report on Thursday, March 2 to "Buy" rating. The brokerage now has a $21.00 price objective on the financial services provider's stock, up from their prior price objective of $17.00. The company now has a consensus rating of "Buy" and a consensus target price of $46.60. Piper Jaffray Companies reaffirmed a "buy" rating and issued a $48.00 target price on shares of Fidelity National Financial in a research note on Friday, July 14th.

More notable recent Ambac Financial Group, Inc. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 20.52 and a beta of 0.95. The company's 50 day moving average is $18.18 and its 200 day moving average is $19.12.

Ambac Financial Group, Inc. has a 1-year low of $15.67 and a 1-year high of $27.25. The value of the investment in Ambac Financial Group, Inc. increased from $16,601,000 to $23,790,000 a change of $7,189,000 quarter over quarter. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03.

This table compares Fidelity National Financial and Stewart Information Services Corporation's net margins, return on equity and return on assets. Revenue for the quarter also killed consensus, coming in at $126.23 Million, compared to the consensus of 121.9 Million. Over the past 2 quarters, Ambac Financial Group, Inc. Equities research analysts forecast that Ambac Financial Group will post $0.70 earnings per share for the current year. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. FNF Group also provides mortgage technology solutions, including MSP, a residential mortgage servicing technology platform in the United States, through its subsidiary, Black Knight Financial Services, Inc. Trading volume was up 1.73% over the stocks average daily volume. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. For now, AMBC is the toast of Wall Street as its ABR stands at 2.00 with 1 out of 3 analysts rating the stock a buy. The institutional investor held 48,948 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $5.67 million, up from 24,286 at the end of the previous reported quarter. (NYSE FNF) traded down 0.68% during mid-day trading on Friday, hitting $47.06. 519,456 shares of the stock were exchanged. King Luther Capital Management Corp acquired a new position in Fidelity National Financial during the first quarter valued at approximately $204,000. Gotham Asset Management LLC now owns 9,599 shares of the financial services provider's stock worth $374,000 after buying an additional 155 shares in the last quarter. FTB Advisors Inc. raised its position in Fidelity National Financial by 234.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 7,143 shares of the financial services provider's stock worth $320,000 after buying an additional 53 shares in the last quarter. Evermore Global Advisors LLC increased its position in Ambac Financial Group by 34.5% in the second quarter. Wells Fargo & Company MN now owns 101,556 shares of the financial services provider's stock valued at $1,916,000 after buying an additional 46,072 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Fidelity National Financial by 4.7% in the first quarter. Creative Planning's holdings in Fidelity National Financial were worth $1,459,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 73.47% of the company's stock. Following the completion of the transaction, the chief executive officer now owns 25,400 shares of the company's stock, valued at $417,830. Also, CFO Anthony Park sold 138,941 shares of the business's stock in a transaction that occurred on Friday, May 19th. The total value of its holdings decreased 66.7%. The disclosure for this sale can be found here. The Company operates through two segments: Financial Guarantee and Financial Services. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other.


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