Charles Schwab Investment Management Inc. Has $1.37 Million Position in MBIA Inc. (NYSE:MBI)

Charles Schwab Investment Management Inc. increased its holdings in MBIA Inc. (NYSE:MBI) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,482 shares of the insurance provider’s stock after buying an additional 14,255 shares during the period. Charles Schwab Investment Management Inc. owned 0.75% of MBIA worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MBI. Seelaus Asset Management LLC bought a new position in MBIA in the 3rd quarter valued at approximately $45,000. Sanctuary Advisors LLC acquired a new position in shares of MBIA during the 2nd quarter valued at $83,000. Envestnet Portfolio Solutions Inc. boosted its holdings in MBIA by 34.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,065 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 5,351 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of MBIA by 32.8% during the second quarter. SG Americas Securities LLC now owns 63,108 shares of the insurance provider’s stock valued at $346,000 after buying an additional 15,589 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of MBIA in the second quarter worth approximately $414,000. 60.95% of the stock is owned by institutional investors and hedge funds.

MBIA Trading Up 4.9 %

MBI stock opened at $6.40 on Tuesday. MBIA Inc. has a 1-year low of $3.22 and a 1-year high of $14.25. The stock has a market cap of $326.59 million, a price-to-earnings ratio of -0.57 and a beta of 1.61. The company’s 50 day moving average is $5.17 and its 200 day moving average is $4.68.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $9.00 in a research report on Monday, November 18th.

Insider Transactions at MBIA

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $6.59, for a total value of $59,310.00. Following the transaction, the director now owns 65,635 shares in the company, valued at approximately $432,534.65. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.58% of the company’s stock.

MBIA Company Profile

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.