MBIA Inc. (NYSE:MBI - Get Free Report) Director Theodore Shasta sold 11,261 shares of the company's stock in a transaction 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 sale, the director now directly owns 71,364 shares of the company's stock, valued at approximately $437,461.32. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
MBIA Trading Up 6.8 %
MBIA stock traded up $0.44 during mid-day trading on Thursday, hitting $6.90. The stock had a trading volume of 627,579 shares, compared to its average volume of 482,425. The stock has a market capitalization of $352.11 million, a PE ratio of -0.61 and a beta of 1.61. MBIA Inc. has a 12 month low of $3.22 and a 12 month high of $7.16. The stock has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $4.75.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. StockNews.com upgraded MBIA from a "sell" rating to a "hold" rating in a report on Tuesday, December 17th. Keefe, Bruyette & Woods raised shares of MBIA from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $6.50 to $9.00 in a research report on Monday, November 18th.
Check Out Our Latest Stock Analysis on MBIA
Institutional Investors Weigh In On MBIA
Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position 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 purchasing an additional 2,090 shares in the last quarter. Seelaus Asset Management LLC acquired a new stake in MBIA in the 3rd quarter valued at $45,000. Quantbot Technologies LP lifted its position 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 buying an additional 11,784 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in MBIA during the 2nd quarter worth about $83,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of MBIA during the 3rd quarter worth about $173,000. 60.95% of the stock is currently owned by institutional investors.
About MBIA
(
Get Free Report)
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.
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