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

Barclays PLC lifted its holdings in shares of MBIA Inc. (NYSE:MBI) by 279.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,406 shares of the insurance provider’s stock after purchasing an additional 42,998 shares during the quarter. Barclays PLC owned 0.11% of MBIA worth $209,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in MBIA by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock valued at $35,000 after buying an additional 2,090 shares in the last quarter. Seelaus Asset Management LLC acquired a new stake in MBIA in the third quarter valued at approximately $45,000. Quantbot Technologies LP boosted its position in MBIA by 476.5% in the third 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in MBIA in the second quarter valued at approximately $83,000. Finally, K2 Principal Fund L.P. acquired a new stake in MBIA in the third quarter valued at approximately $173,000. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling at MBIA

In other news, Director Theodore Shasta sold 11,261 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.13, for a total transaction of $69,029.93. Following the completion of the sale, the director now directly owns 71,364 shares of the company’s stock, valued at $437,461.32. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard C. Vaughan sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total transaction of $59,310.00. Following the sale, the director now directly owns 65,635 shares of the company’s stock, valued at approximately $432,534.65. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,831 shares of company stock valued at $192,842. Corporate insiders own 12.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MBI. Keefe, Bruyette & Woods upgraded shares of 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. StockNews.com upgraded shares of MBIA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th.

MBIA Stock Up 3.1 %

MBI stock opened at $7.04 on Tuesday. The firm has a market cap of $359.25 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. 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 $5.93 and its 200 day simple moving average is $4.76.

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.