SG Americas Securities LLC Reduces Stake in MBIA Inc. (NYSE:MBI)

SG Americas Securities LLC lowered its position in MBIA Inc. (NYSE:MBI) by 50.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,908 shares of the insurance provider’s stock after selling 38,011 shares during the quarter. SG Americas Securities LLC owned about 0.07% of MBIA worth $238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of MBIA by 26.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 2,090 shares in the last quarter. Seelaus Asset Management LLC bought a new position in shares of MBIA during the third quarter valued at approximately $45,000. Quantbot Technologies LP lifted its holdings in MBIA by 476.5% in the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after buying an additional 11,784 shares during the period. Sanctuary Advisors LLC purchased a new position in MBIA during the second quarter valued at $83,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of MBIA in the 3rd quarter worth approximately $173,000. Institutional investors own 60.95% of the company’s stock.

MBIA Stock Down 1.8 %

Shares of MBI stock opened at $6.85 on Friday. The stock has a market cap of $349.30 million, a P/E ratio of -0.61 and a beta of 1.62. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $7.30. The company’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $4.95.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MBI shares. Keefe, Bruyette & Woods raised shares of MBIA from a “market perform” rating to an “outperform” rating and raised their price target for the company from $6.50 to $9.00 in a research report on Monday, November 18th. StockNews.com downgraded MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.

Insider Transactions at MBIA

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

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.