MBIA (NYSE:MBI) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of MBIA (NYSE:MBI) from a hold rating to a sell rating in a report issued on Wednesday morning.

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

MBIA Stock Down 11.0 %

Shares of MBI opened at $6.13 on Wednesday. MBIA has a 52-week low of $3.22 and a 52-week high of $7.16. The stock has a fifty day simple moving average of $6.04 and a two-hundred day simple moving average of $4.78. The company has a market capitalization of $312.81 million, a PE ratio of -0.54 and a beta of 1.62.

Insider Buying and Selling

In related news, Director Theodore Shasta sold 11,261 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $6.13, for a total transaction of $69,029.93. Following the completion of the transaction, the director now directly owns 71,364 shares in the company, valued at $437,461.32. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard C. Vaughan sold 9,000 shares of MBIA stock in a transaction dated 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 transaction, 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 quarter, insiders sold 29,831 shares of company stock valued at $192,842. Company insiders own 12.58% of the company’s stock.

Institutional Investors Weigh In On MBIA

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of MBIA by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 2,090 shares in the last quarter. Seelaus Asset Management LLC purchased a new position in MBIA in the third quarter valued at $45,000. Quantbot Technologies LP grew its stake in MBIA by 476.5% during the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 11,784 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in MBIA during the 2nd quarter worth about $83,000. Finally, K2 Principal Fund L.P. purchased a new stake in MBIA during the 3rd quarter worth about $173,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.