Vanguard Group Inc. Sells 120,979 Shares of MBIA Inc. (NYSE:MBI)

Vanguard Group Inc. lessened its stake in MBIA Inc. (NYSE:MBI - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,389,770 shares of the insurance provider's stock after selling 120,979 shares during the quarter. Vanguard Group Inc. owned 4.68% of MBIA worth $15,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MBI. BNP Paribas Financial Markets boosted its stake in shares of MBIA by 26.6% during 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 during the period. HighTower Advisors LLC increased its holdings in shares of MBIA by 7.0% in the fourth quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock valued at $198,000 after purchasing an additional 2,000 shares during the last quarter. Barclays PLC lifted its stake in shares of MBIA by 279.1% during the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock worth $209,000 after buying an additional 42,998 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of MBIA by 70.5% during the 3rd quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider's stock worth $281,000 after buying an additional 32,591 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new position in MBIA in the 4th quarter valued at about $1,159,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th.

MBIA Stock Performance

NYSE:MBI traded down $0.12 during mid-day trading on Monday, reaching $4.26. 239,882 shares of the company's stock were exchanged, compared to its average volume of 453,513. MBIA Inc. has a one year low of $3.22 and a one year high of $7.46. The business's fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $5.58. The firm has a market capitalization of $214.58 million, a PE ratio of -0.38 and a beta of 1.80.

MBIA (NYSE:MBI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.17). The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $28.70 million. As a group, equities research analysts forecast that MBIA Inc. will post -3.5 EPS for the current year.

About MBIA

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.