Barclays PLC Purchases 42,998 Shares of MBIA Inc. (NYSE:MBI)

Barclays PLC increased its stake in MBIA Inc. (NYSE:MBI) by 279.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,406 shares of the insurance provider’s stock after buying an additional 42,998 shares during the period. Barclays PLC owned 0.11% of MBIA worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TCW Group Inc. raised its stake in MBIA by 76.3% in the third quarter. TCW Group Inc. now owns 460,800 shares of the insurance provider’s stock worth $1,645,000 after buying an additional 199,500 shares in the last quarter. GSA Capital Partners LLP raised its stake in MBIA by 321.0% in the third quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after buying an additional 241,116 shares in the last quarter. BNP Paribas Financial Markets raised its stake in MBIA by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after buying an additional 2,090 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MBIA by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 384,482 shares of the insurance provider’s stock worth $1,373,000 after buying an additional 14,255 shares in the last quarter. Finally, State Street Corp raised its stake in MBIA by 3.6% in the third quarter. State Street Corp now owns 1,015,523 shares of the insurance provider’s stock worth $3,625,000 after buying an additional 35,104 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $6.59, for a total transaction of $59,310.00. Following the sale, the director now owns 65,635 shares in the company, valued at $432,534.65. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodore Shasta sold 9,570 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total transaction of $64,501.80. Following the sale, the director now owns 61,794 shares in the company, valued at approximately $416,491.56. The trade was a 13.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,831 shares of company stock worth $192,842. 13.79% of the stock is currently owned by company insiders.

MBIA Stock Performance

Shares of MBI opened at $6.20 on Wednesday. The stock has a market cap of $316.18 million, a PE ratio of -0.55 and a beta of 1.62. MBIA Inc. has a fifty-two week low of $3.22 and a fifty-two week high of $7.16. The firm’s 50-day simple moving average is $6.39 and its two-hundred day simple moving average is $4.83.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded shares of MBIA from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $6.50 to $9.00 in a report on Monday, November 18th.

MBIA 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.