MBIA (NYSE:MBI) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of MBIA (NYSE:MBI) from a sell rating to a hold rating in a research report released on Tuesday.

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

MBIA Trading Up 1.7 %

Shares of NYSE MBI opened at $6.10 on Tuesday. The company has a market cap of $311.28 million, a price-to-earnings ratio of -0.54 and a beta of 1.61. MBIA has a 12 month low of $3.22 and a 12 month high of $14.25. The stock has a 50-day moving average price of $5.33 and a two-hundred day moving average price of $4.71.

Insider Buying and Selling at MBIA

In other MBIA news, 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 transaction of $59,310.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.58% of the company’s stock.

Hedge Funds Weigh In On MBIA

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