MBIA (NYSE:MBI) Rating Lowered to “Sell” at StockNews.com

MBIA (NYSE:MBI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

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

MBIA Stock Down 11.0 %

MBI stock opened at $6.13 on Wednesday. MBIA has a twelve month low of $3.22 and a twelve month high of $7.16. The company has a market cap of $312.81 million, a P/E ratio of -0.54 and a beta of 1.62. The business’s fifty day moving average is $6.08 and its 200-day moving average is $4.79.

Insiders Place Their Bets

In other news, Director Theodore Shasta sold 9,570 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $416,491.56. This trade represents a 13.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard C. Vaughan sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 owns 65,635 shares of the company’s stock, valued at $432,534.65. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,831 shares of company stock worth $192,842. Company 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 stock. BNP Paribas Financial Markets boosted its stake in MBIA by 26.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 2,090 shares during the period. Seelaus Asset Management LLC bought a new stake in shares of MBIA in the third quarter valued at about $45,000. Quantbot Technologies LP boosted its position in shares of MBIA by 476.5% during 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 bought a new position in shares of MBIA during the second quarter worth about $83,000. Finally, K2 Principal Fund L.P. acquired a new stake in MBIA in the 3rd quarter valued at approximately $173,000. Institutional investors own 60.95% 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.