TCW Group Inc. Acquires 245,760 Shares of MBIA Inc. (NYSE:MBI)

TCW Group Inc. lifted its position in shares of MBIA Inc. (NYSE:MBI - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 706,560 shares of the insurance provider's stock after purchasing an additional 245,760 shares during the period. TCW Group Inc. owned 1.38% of MBIA worth $4,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in MBIA by 26.6% in the 3rd 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 in the last quarter. Seelaus Asset Management LLC acquired a new position in shares of MBIA in the third quarter valued at about $45,000. Quantbot Technologies LP grew its stake in shares of MBIA by 476.5% in the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 11,784 shares in the last quarter. K2 Principal Fund L.P. bought a new position in MBIA during the third quarter worth about $173,000. Finally, Barclays PLC raised its position in shares of MBIA by 279.1% in the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock valued at $209,000 after buying an additional 42,998 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MBIA

In related news, Director Theodore Shasta sold 9,570 shares of MBIA stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total transaction of $64,501.80. Following the sale, the director now directly owns 61,794 shares of the company's stock, valued at approximately $416,491.56. The trade was a 13.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.79% of the company's stock.

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MBIA Trading Down 2.3 %

NYSE MBI traded down $0.17 on Thursday, hitting $7.06. 287,711 shares of the company's stock were exchanged, compared to its average volume of 392,540. The stock has a 50-day moving average of $6.55 and a 200-day moving average of $5.23. The stock has a market cap of $360.02 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.17). As a group, analysts predict that MBIA Inc. will post -3.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MBI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded MBIA from a "market perform" rating to an "outperform" rating and upped their target price for the company from $6.50 to $9.00 in a research report on Monday, November 18th. StockNews.com cut shares of MBIA from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th.

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.