MBIA (NYSE:MBI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of MBIA (NYSE:MBI) from a sell rating to a hold rating in a research note published on Tuesday.

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

MBIA Stock Performance

Shares of MBIA stock opened at $6.34 on Tuesday. The stock has a market capitalization of $323.53 million, a P/E ratio of -0.56 and a beta of 1.61. MBIA has a 52-week low of $3.22 and a 52-week high of $14.25. The stock’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $4.68.

Insiders Place Their Bets

In related news, Director Richard C. Vaughan sold 9,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 65,635 shares in the company, valued at $432,534.65. This represents a 12.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 12.58% of the company’s stock.

Institutional Investors Weigh In On MBIA

Large investors have recently made changes to their positions in the business. Whitebox Advisors LLC lifted its position in MBIA by 86.8% during the second quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock valued at $4,361,000 after buying an additional 369,255 shares during the period. GSA Capital Partners LLP increased its holdings in shares of MBIA by 321.0% in the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after purchasing an additional 241,116 shares in the last quarter. TCW Group Inc. grew its position in MBIA by 76.3% in the 3rd quarter. TCW Group Inc. now owns 460,800 shares of the insurance provider’s stock worth $1,645,000 after purchasing an additional 199,500 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of MBIA by 427.9% during the 2nd quarter. Renaissance Technologies LLC now owns 119,174 shares of the insurance provider’s stock valued at $654,000 after buying an additional 96,600 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of MBIA by 184.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 119,535 shares of the insurance provider’s stock valued at $656,000 after purchasing an additional 77,494 shares during the period. 60.95% of the stock is currently owned by institutional investors.

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.