MBIA (NYSE:MBI) Shares Cross Above 200 Day Moving Average - Time to Sell?

MBIA Inc. (NYSE:MBI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.06 and traded as high as $7.38. MBIA shares last traded at $7.22, with a volume of 252,297 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on MBI shares. StockNews.com cut shares of MBIA from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised shares of MBIA from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $6.50 to $9.00 in a research report on Monday, November 18th.

MBIA Trading Down 1.1 %

The company has a market capitalization of $363.33 million, a PE ratio of -0.63 and a beta of 1.62. The stock's 50-day moving average is $6.43 and its two-hundred day moving average is $5.09.

Insider Buying and Selling

In related news, Director Theodore Shasta sold 11,261 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.13, for a total value of $69,029.93. Following the sale, the director now directly owns 71,364 shares of the company's stock, valued at $437,461.32. This represents a 13.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MBIA

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in MBIA by 26.6% in the 3rd 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 bought a new position in MBIA in the 3rd quarter worth about $45,000. Aquatic Capital Management LLC bought a new position in MBIA in the 4th quarter worth about $50,000. Quantbot Technologies LP grew its stake in MBIA by 476.5% in 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 in the last quarter. Finally, Kahn Brothers Group Inc. bought a new position in MBIA in the 4th quarter worth about $68,000. 60.95% of the stock is currently owned by institutional investors.

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.