SG Americas Securities LLC Has $267,000 Stock Holdings in MBIA Inc. (NYSE:MBI)

SG Americas Securities LLC raised its stake in MBIA Inc. (NYSE:MBI) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,919 shares of the insurance provider’s stock after buying an additional 11,811 shares during the quarter. SG Americas Securities LLC owned 0.15% of MBIA worth $267,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whitebox Advisors LLC grew its position in MBIA by 86.8% in the second quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock worth $4,361,000 after acquiring an additional 369,255 shares in the last quarter. Kahn Brothers Group Inc. grew its position in MBIA by 7.2% in the first quarter. Kahn Brothers Group Inc. now owns 5,176,613 shares of the insurance provider’s stock worth $34,993,000 after acquiring an additional 347,007 shares in the last quarter. TCW Group Inc. bought a new stake in MBIA in the second quarter worth approximately $1,435,000. Tidal Investments LLC bought a new stake in MBIA in the first quarter worth approximately $1,105,000. Finally, Renaissance Technologies LLC grew its position in MBIA by 427.9% in the second quarter. Renaissance Technologies LLC now owns 119,174 shares of the insurance provider’s stock worth $654,000 after acquiring an additional 96,600 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

MBIA Trading Up 0.8 %

NYSE MBI opened at $3.93 on Monday. The company has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $4.89. The company has a market cap of $201.52 million, a P/E ratio of -0.39 and a beta of 1.43. MBIA Inc. has a 1 year low of $3.22 and a 1 year high of $14.37.

MBIA (NYSE:MBI) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($2.75). The company had revenue of ($37.00) million for the quarter, compared to analyst estimates of $29.00 million. During the same period in the prior year, the company posted ($0.45) earnings per share. Equities research analysts forecast that MBIA Inc. will post -3.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased their target price on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.