MBIA Inc. (NYSE:MBI) Shares Bought by TCW Group Inc.

TCW Group Inc. raised its position in MBIA Inc. (NYSE:MBI) by 76.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 460,800 shares of the insurance provider’s stock after acquiring an additional 199,500 shares during the period. TCW Group Inc. owned approximately 0.90% of MBIA worth $1,645,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in MBIA by 3.6% during the third quarter. State Street Corp now owns 1,015,523 shares of the insurance provider’s stock worth $3,625,000 after purchasing an additional 35,104 shares in the last quarter. Whitebox Advisors LLC raised its stake in shares of MBIA by 6.3% during the 3rd quarter. Whitebox Advisors LLC now owns 844,431 shares of the insurance provider’s stock worth $3,015,000 after buying an additional 50,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of MBIA by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 430,963 shares of the insurance provider’s stock valued at $2,366,000 after buying an additional 36,691 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MBIA by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 384,482 shares of the insurance provider’s stock valued at $1,373,000 after buying an additional 14,255 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in MBIA by 321.0% during the third quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 241,116 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

MBIA Stock Performance

Shares of MBI opened at $6.22 on Friday. MBIA Inc. has a twelve month low of $3.22 and a twelve month high of $14.37. The firm’s 50-day moving average is $5.06 and its two-hundred day moving average is $4.69.

Insider Transactions at MBIA

In other news, Director Richard C. Vaughan sold 9,000 shares of MBIA stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total transaction 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. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised 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 report on Monday, November 18th.

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.