Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by NGAM Advisors LP

Marco Green
August 13, 2017

(NASDAQ:AMBC)'s stock had its "buy" rating reissued by equities research analysts at BTIG Research in a research note issued on Saturday, July 22nd. The fund owned 32,545 shares of the financial services provider's stock after buying an additional 6,788 shares during the period.

On May 12 the stock rating was upgraded to "Neutral" from "Sell" in a report issued by MKM Partners.

More notable recent Ambac Financial Group, Inc. Psagot Investment House Ltd bought 24,662 shares as the company's stock declined 3.49% while stock markets rallied. The firm has a 50-day moving average price of $18.70 and a 200-day moving average price of $19.03. Ambac Financial Group has a 12-month low of $15.67 and a 12-month high of $27.25.

Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. Ambac Financial Group had a negative net margin of 16.39% and a positive return on equity of 5.74%. The company had revenue of $126.20 million for the quarter, compared to analyst estimates of $136.46 million. During the same quarter past year, the company posted $2.54 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts anticipate that Fidelity National Financial, Inc. will post $2.55 EPS for the current year. If you are accessing this piece on another website, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & worldwide copyright and trademark legislation.

Ambac Financial Group, Inc.

In other Ambac Financial Group news, CEO Claude Leblanc purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. The company had a trading volume of 519,456 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Hedge funds and other institutional investors own 83.22% of the company's stock. As of quarter end Ejf Capital LLC had bought 523,550 shares growing its position 71.0%. (NASDAQ:AMBC) shares saw heavy trading volume with 439K shares changing hands in the last trading session. State Board of Administration of Florida Retirement System now owns 21,917 shares of the financial services provider's stock worth $493,000 after buying an additional 130 shares during the last quarter. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 151 shares trimming its stake by 58.5%. Teachers Advisors LLC boosted its stake in Ambac Financial Group by 2.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 10,474 shares of the financial services provider's stock valued at $198,000 after buying an additional 2,237 shares during the last quarter. We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, profitabiliy, risk, valuation, dividends and earnings.

Fidelity National Financial, Inc (FNF) is a holding company. The total value of its holdings decreased 66.7%. Following the completion of the purchase, the chief executive officer now owns 25,400 shares of the company's stock, valued at approximately $417,830. 1,025,023 shares of the stock were exchanged. The disclosure for this sale can be found here. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Company offers title insurance through its title insurance underwriters: Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc., which collectively issue title insurance policies.

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