SG Americas Securities LLC Has $238,000 Stock Holdings in MBIA Inc. (NYSE:MBI)

SG Americas Securities LLC lowered its position in shares of MBIA Inc. (NYSE:MBI - Free Report) by 50.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,908 shares of the insurance provider's stock after selling 38,011 shares during the period. SG Americas Securities LLC owned 0.07% of MBIA worth $238,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted 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 valued at $35,000 after buying an additional 2,090 shares during the period. Seelaus Asset Management LLC acquired a new stake in shares of MBIA during the third quarter worth approximately $45,000. Quantbot Technologies LP raised its position in MBIA by 476.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 11,784 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of MBIA in the second quarter valued at $83,000. Finally, K2 Principal Fund L.P. acquired a new stake in MBIA in the 3rd quarter valued at about $173,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

MBI has been the subject of several research analyst reports. 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 upgraded MBIA from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $6.50 to $9.00 in a research report on Monday, November 18th.

Insider Activity at MBIA

In other news, Director Richard C. Vaughan sold 9,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total value of $59,310.00. Following the sale, the director now directly owns 65,635 shares in the company, valued at $432,534.65. The trade was a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Theodore Shasta sold 11,261 shares of MBIA stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.13, for a total value of $69,029.93. Following the completion of the sale, the director now directly owns 71,364 shares in the company, valued at approximately $437,461.32. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,831 shares of company stock worth $192,842 in the last quarter. Corporate insiders own 12.58% of the company's stock.

MBIA Price Performance

MBI traded up $0.17 during mid-day trading on Monday, hitting $7.19. The stock had a trading volume of 234,953 shares, compared to its average volume of 440,748. The stock's fifty day simple moving average is $6.38 and its 200-day simple moving average is $4.99. The firm has a market capitalization of $366.70 million, a price-to-earnings ratio of -0.64 and a beta of 1.62. MBIA Inc. has a 1-year low of $3.22 and a 1-year high of $7.32.

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.