StockNews.com Upgrades MBIA (NYSE:MBI) to “Hold”

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

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

MBIA Trading Down 0.9 %

Shares of MBIA stock traded down $0.06 during trading on Tuesday, hitting $6.34. The stock had a trading volume of 236,397 shares, compared to its average volume of 486,781. MBIA has a 12 month low of $3.22 and a 12 month high of $14.25. The firm has a market cap of $323.53 million, a price-to-earnings ratio of -0.56 and a beta of 1.61. The business’s 50-day moving average is $5.17 and its 200 day moving average is $4.68.

Insider Activity

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the business’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 completion of the sale, the director now directly owns 65,635 shares of the company’s stock, valued at $432,534.65. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.58% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MBI. TCW Group Inc. boosted its holdings in MBIA by 76.3% during the 3rd quarter. TCW Group Inc. now owns 460,800 shares of the insurance provider’s stock valued at $1,645,000 after acquiring an additional 199,500 shares during the period. GSA Capital Partners LLP boosted its stake in shares of MBIA by 321.0% during the third quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock valued at $1,129,000 after purchasing an additional 241,116 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of MBIA by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 430,963 shares of the insurance provider’s stock valued at $2,366,000 after purchasing an additional 36,691 shares during the period. Whitebox Advisors LLC grew its holdings in shares of MBIA by 86.8% in the second quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock worth $4,361,000 after purchasing an additional 369,255 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of MBIA by 34.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,065 shares of the insurance provider’s stock worth $116,000 after buying an additional 5,351 shares during the period. Hedge funds and other 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.