TCW Group Inc. Purchases 199,500 Shares of MBIA Inc. (NYSE:MBI)

TCW Group Inc. increased its holdings in MBIA Inc. (NYSE:MBI - Free Report) by 76.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 460,800 shares of the insurance provider's stock after buying an additional 199,500 shares during the period. TCW Group Inc. owned 0.90% of MBIA worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MBI. BNP Paribas Financial Markets increased its position in shares of MBIA by 26.6% during the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider's stock valued at $35,000 after buying an additional 2,090 shares during the period. Seelaus Asset Management LLC purchased a new position in MBIA during the third quarter valued at approximately $45,000. Quantbot Technologies LP increased its holdings 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 acquiring an additional 11,784 shares during the period. Sanctuary Advisors LLC purchased a new stake in MBIA in the 2nd quarter worth approximately $83,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in MBIA by 34.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,065 shares of the insurance provider's stock valued at $116,000 after purchasing an additional 5,351 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MBIA

In related news, Director Richard C. Vaughan sold 9,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total transaction of $59,310.00. Following the transaction, the director now directly owns 65,635 shares of the company's stock, valued at approximately $432,534.65. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 12.58% of the stock is currently owned by insiders.

MBIA Trading Down 2.1 %

Shares of MBI traded down $0.13 during trading hours on Friday, reaching $6.10. 147,338 shares of the company's stock traded hands, compared to its average volume of 488,985. The firm's 50 day simple moving average is $5.11 and its 200-day simple moving average is $4.69. The stock has a market cap of $311.28 million, a PE ratio of -0.54 and a beta of 1.61. MBIA Inc. has a 12 month low of $3.22 and a 12 month high of $14.37.

Wall Street Analyst Weigh In

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

MBIA 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.