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Shurwest Financial Group President Ron Shurts' Invitation to Fixed Indexed Annuity Advisors

Ron Shurts, President of Shurwest and Founding partner of the Annexus Group invites you to participate in an educational webinar about the most ...

Ambac Financial Group (AMBC) Sees Large Volume Increase

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.21. The business had revenue of $150.64 million during the quarter, compared to analyst estimates of $146.37 million. Ambac Financial Group had a net margin of 15.40% and a return on equity of 11.70%. Ambac Financial Group’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 EPS.

A number of hedge funds have recently made changes to their positions in AMBC. Wells Fargo & Company MN increased its stake in Ambac Financial Group by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 91,880 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 4,875 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Ambac Financial Group by 5.3% during the 1st quarter. JPMorgan Chase & Co. now owns 55,836 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 2,830 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Ambac Financial Group during the 2nd quarter valued at $294,000. Louisiana State Employees Retirement System bought a new stake in Ambac Financial Group during the 2nd quarter valued at $403,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Ambac Financial Group during the 2nd quarter valued at $254,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

Mesirow Financial Investment Management Equity Management Reduces Stake in Stifel Financial Corp (NYSE:SF)

Mesirow Financial Investment Management Equity Management decreased its position in Stifel Financial Corp (NYSE:SF) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 212,180 shares of the financial services provider’s stock after selling 4,420 shares during the period. Mesirow Financial Investment Management Equity Management owned about 0.30% of Stifel Financial worth $10,878,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. UBS Group AG lifted its position in Stifel Financial by 34.3% during the first quarter. UBS Group AG now owns 29,068 shares of the financial services provider’s stock worth $1,722,000 after acquiring an additional 7,428 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Stifel Financial by 46.6% during the first quarter. Xact Kapitalforvaltning AB now owns 10,388 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 3,300 shares during the last quarter. Principal Financial Group Inc. lifted its position in Stifel Financial by 7.5% during the first quarter. Principal Financial Group Inc. now owns 315,975 shares of the financial services provider’s stock worth $18,715,000 after acquiring an additional 22,004 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Stifel Financial during the first quarter worth approximately $26,669,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Stifel Financial during the first quarter worth approximately $117,000. 85.96% of the stock is currently owned by institutional investors.

Does a mortgage checking account really work? Has anyone heard of Sydney Financial Group?

A company called Sydney Financial Group has shown me that I can pay off my $110,000 mortgage in less than 6 years. They do this with a "Mortgage Checking Account" that is kind of like a home equity loan. This really sounds too good to be true.


With a normal mortgage, when you get paid, your paycheck goes into a checking/savings account and you pay your mortgage and other bills from these account. The mortgage is a fixed amount payment.