Traders Buy Large Volume of Ambac Financial Group Call Options (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) was the target of unusually large options trading on Thursday. Stock traders acquired 4,030 call options on the stock. This is an increase of 574% compared to the typical volume of 598 call options.

In other Ambac Financial Group news, CEO Claude Leblanc bought 10,000 shares of Ambac Financial Group stock in a transaction dated Wednesday, November 10th. The stock was bought at an average price of $15.91 per share, for a total transaction of $159,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa G. Iglesias bought 8,300 shares of Ambac Financial Group stock in a transaction dated Monday, November 29th. The stock was acquired at an average price of $15.15 per share, with a total value of $125,745.00. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AMBC. Invesco Ltd. grew its stake in shares of Ambac Financial Group by 11.5% in the 2nd quarter. Invesco Ltd. now owns 179,964 shares of the company’s stock valued at $2,818,000 after buying an additional 18,564 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ambac Financial Group by 8.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 562,349 shares of the company’s stock valued at $8,807,000 after buying an additional 42,090 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Ambac Financial Group by 1.4% in the 2nd quarter. Principal Financial Group Inc. now owns 319,494 shares of the company’s stock valued at $5,003,000 after buying an additional 4,363 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Ambac Financial Group by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,820,533 shares of the company’s stock valued at $75,489,000 after buying an additional 144,524 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Ambac Financial Group in the 3rd quarter valued at approximately $263,000. 77.55% of the stock is owned by institutional investors.

AMBC opened at $16.45 on Friday. The stock has a fifty day moving average of $15.72 and a 200-day moving average of $15.03. The firm has a market capitalization of $761.70 million, a P/E ratio of -32.25 and a beta of 1.44. Ambac Financial Group has a 12-month low of $13.09 and a 12-month high of $18.63. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.77.

Ambac Financial Group (NYSE:AMBC) last released its earnings results on Monday, November 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.97. The company had revenue of $51.00 million during the quarter. Ambac Financial Group had a positive return on equity of 4.53% and a negative net margin of 2.84%. During the same quarter in the previous year, the company earned ($2.01) EPS.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.

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