HighTower Advisors LLC Sells 2,947 Shares of MBIA Inc. (NYSE:MBI)

HighTower Advisors LLC decreased its stake in MBIA Inc. (NYSE:MBI) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,597 shares of the insurance provider’s stock after selling 2,947 shares during the quarter. HighTower Advisors LLC owned 0.06% of MBIA worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in MBIA by 26.6% during the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 2,090 shares during the period. Seelaus Asset Management LLC bought a new position in shares of MBIA during the third quarter worth $45,000. Quantbot Technologies LP grew its holdings in shares of MBIA by 476.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock valued at $51,000 after buying an additional 11,784 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of MBIA in the 2nd quarter valued at $83,000. Finally, SG Americas Securities LLC raised its stake in MBIA by 18.7% during the 3rd quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider’s stock worth $267,000 after buying an additional 11,811 shares during the period. Institutional investors own 60.95% of the company’s stock.

MBIA Stock Up 5.9 %

Shares of NYSE:MBI opened at $6.09 on Friday. The firm has a market cap of $310.77 million, a price-to-earnings ratio of -0.54 and a beta of 1.60. MBIA Inc. has a 12 month low of $3.22 and a 12 month high of $7.16. The company’s fifty day simple moving average is $5.54 and its 200 day simple moving average is $4.72.

Wall Street Analyst Weigh In

MBI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $6.50 to $9.00 in a research note on Monday, November 18th. StockNews.com upgraded MBIA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th.

Insider Buying and Selling at MBIA

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total transaction of $59,310.00. Following the completion of the transaction, the director now owns 65,635 shares of the company’s stock, valued at $432,534.65. This represents a 12.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 13.79% of the company’s stock.

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.