MBIA (NYSE:MBI) Cut 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 issued on Wednesday.

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

MBIA Stock Performance

Shares of NYSE:MBI traded down $0.76 during trading on Wednesday, reaching $6.13. The company had a trading volume of 891,548 shares, compared to its average volume of 599,990. The firm’s fifty day moving average is $6.04 and its 200 day moving average is $4.78. The firm has a market capitalization of $312.81 million, a PE ratio of -0.54 and a beta of 1.62. MBIA has a twelve month low of $3.22 and a twelve month high of $7.16.

Insider Buying and Selling at MBIA

In other news, Director Theodore Shasta sold 9,570 shares of the business’s stock in a transaction on 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 directly owns 61,794 shares of the company’s stock, valued at $416,491.56. The trade was a 13.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value 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. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,831 shares of company stock valued at $192,842. 12.58% of the stock is owned by insiders.

Institutional Trading of MBIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of MBIA by 279.1% in the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 42,998 shares in the last quarter. TCW Group Inc. grew its position in MBIA by 76.3% during 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 in the last quarter. K2 Principal Fund L.P. purchased a new position in MBIA during the 3rd quarter worth approximately $173,000. Jane Street Group LLC raised its stake in MBIA by 70.5% during the 3rd quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 32,591 shares during the period. Finally, Whitebox Advisors LLC lifted its holdings in shares of MBIA by 6.3% in the third quarter. Whitebox Advisors LLC now owns 844,431 shares of the insurance provider’s stock valued at $3,015,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.