Ambac Financial Group, Inc. (NASDAQ:AMBC) Stock Rating Reaffirmed by MKM Partners

They now have a $48.00 target price on the financial services provider's stock.

Several brokerages recently weighed in on FNFV. Zacks Investment Research downgraded shares of Fidelity National Financial from a buy rating to a hold rating in a report on Tuesday, July 4th.

Fidelity National Financial, Inc (FNF) is a holding company.

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Among 25 analysts covering Celgene Corporation (NASDAQ:CELG), 21 have Buy rating, 0 Sell and 4 Hold. The company now has an average rating of Buy and a consensus target price of $46.60. Fidelity National Financial, Inc. has a 52 week low of $31.64 and a 52 week high of $49.37. Goldentree Asset Management Lp who had been investing in Ambac Finl Group Inc for a number of months, seems to be bullish on the $893.27 million market cap company. The company's 50-day moving average price is $18.70 and its 200-day moving average price is $19.03. (NASDAQ:AMBC) news were published by: Seekingalpha.com which released: "Ambac Financial's (AMBC) CEO Claude LeBlanc on Q1 2017 Results - Earnings Call ..." on May 11, 2017, also Globenewswire.com with their article: "Ambac Names R. Sharon Smith Senior Managing Director, Chief of Staff" published on May 17, 2017, Globenewswire.com published: "Ambac Names Lisa A. Kampf as Managing Director, Investor Relations" on April 26, 2017. In the last earnings report the EPS was $-1.33 and is expected to be $0.70 for the current year with 45,228,000 shares presently outstanding. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. During the same period past year, the business posted $0.74 earnings per share. The company's quarterly revenue was up 36.9% compared to the same quarter a year ago. Ambac Financial Group, Inc. shares had a trading volume of 439K on Friday.

Fidelity National Financial, Inc (FNF) is a holding company. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright laws. If you are reading this report on another domain, it was copied illegally and reposted in violation of U.S. and global copyright laws. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/12/ambac-financial-group-inc-nasdaqambc-rating-reiterated-by-mkm-partners-updated-updated.html. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. Fidelity National Financial's payout ratio is 43.67%.

In other Fidelity National Financial news, CFO Anthony Park sold 138,941 shares of the company's stock in a transaction that occurred on Friday, May 19th. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company's stock. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. The disclosure for this sale can be found here. Also, EVP Peter T. Sadowski sold 133,215 shares of the company's stock in a transaction that occurred on Thursday, July 27th. Fiduciary Trust Co. bought a new position in Fidelity National Financial during the second quarter valued at $137,000. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider's stock worth $842,024,000 after buying an additional 884,191 shares in the last quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider's stock valued at $155,000 after buying an additional 131 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in Ambac Financial Group during the first quarter worth about $2,657,000. Edge Asset Management Inc. now owns 7,519,623 shares of the financial services provider's stock worth $292,814,000 after buying an additional 59,689 shares during the last quarter. As of quarter end Ejf Capital LLC had bought 523,550 shares growing its position 71.0%. The hedge fund run by Steven Tananbaum held 212,244 shares of the finance company at the end of 2016Q4, valued at $4.78 million, up from 104,652 at the end of the previous reported quarter.

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