MBIA Inc. (NYSE:MBI) Shares Acquired by Hosking Partners LLP

Hosking Partners LLP increased its position in shares of MBIA Inc. (NYSE:MBI) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,596,297 shares of the insurance provider’s stock after purchasing an additional 29,918 shares during the quarter. Hosking Partners LLP owned approximately 3.13% of MBIA worth $10,312,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MBI. BNP Paribas Financial Markets boosted its stake in MBIA by 26.6% during 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 last quarter. Seelaus Asset Management LLC acquired a new position in MBIA during the third quarter worth about $45,000. Quantbot Technologies LP boosted its position in 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 acquiring an additional 11,784 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in MBIA during the 3rd quarter valued at about $173,000. Finally, Barclays PLC raised its holdings in MBIA by 279.1% in the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider’s stock valued at $209,000 after acquiring an additional 42,998 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

MBIA Price Performance

Shares of MBI stock opened at $7.06 on Friday. The company has a market capitalization of $360.02 million, a PE ratio of -0.62 and a beta of 1.62. The firm’s 50-day moving average is $6.57 and its two-hundred day moving average is $5.24. MBIA Inc. has a 12 month low of $3.22 and a 12 month high of $7.46.

MBIA (NYSE:MBI) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.17). Sell-side analysts forecast that MBIA Inc. will post -3.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com cut MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded MBIA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.50 to $9.00 in a report on Monday, November 18th.

Insider Buying and Selling at MBIA

In other news, Director Theodore Shasta sold 9,570 shares of the 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 completion of the transaction, the director now directly owns 61,794 shares in the company, valued at approximately $416,491.56. This represents a 13.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.