Great West Life Assurance Co. Can decreased its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,086 shares of the company’s stock after selling 3,486 shares during the quarter. Great West Life Assurance Co. Can owned about 0.11% of Ambac Financial Group worth $664,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of AMBC. Private Advisor Group LLC bought a new position in shares of Ambac Financial Group during the 2nd quarter worth approximately $29,000. Bank of Montreal Can boosted its stake in shares of Ambac Financial Group by 743.6% during the 2nd quarter. Bank of Montreal Can now owns 5,146 shares of the company’s stock worth $66,000 after acquiring an additional 4,536 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Ambac Financial Group by 210.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,387 shares of the company’s stock worth $145,000 after acquiring an additional 7,718 shares during the period. Jane Street Group LLC bought a new position in shares of Ambac Financial Group during the 2nd quarter worth approximately $169,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ambac Financial Group during the 3rd quarter worth approximately $175,000. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded Ambac Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.
Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings results on Monday, November 9th. The company reported ($2.01) earnings per share (EPS) for the quarter. The company had revenue of $62.00 million during the quarter.
Ambac Financial Group Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and interest rate derivative transactions.
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