MBIA Inc. (NYSE:MBI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of MBIA Inc. (NYSE:MBI) by 50.7% during the 4th quarter, HoldingsChannel reports. The firm owned 36,908 shares of the insurance provider’s stock after selling 38,011 shares during the period. SG Americas Securities LLC’s holdings in MBIA were worth $238,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of 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 during the period. Seelaus Asset Management LLC purchased a new stake in MBIA during the 3rd quarter worth about $45,000. Quantbot Technologies LP lifted its stake in MBIA by 476.5% in the third 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 during the last quarter. Sanctuary Advisors LLC acquired a new stake in MBIA in the second quarter valued at $83,000. Finally, K2 Principal Fund L.P. purchased a new position in MBIA in the third quarter valued at approximately $173,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded MBIA from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $6.50 to $9.00 in a research note on Monday, November 18th. StockNews.com cut MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $6.59, for a total transaction of $59,310.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore Shasta sold 9,570 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $6.74, for a total value of $64,501.80. Following the transaction, the director now owns 61,794 shares in the company, valued at approximately $416,491.56. This represents a 13.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,831 shares of company stock valued at $192,842. Company insiders own 13.79% of the company’s stock.

MBIA Price Performance

MBIA stock opened at $6.85 on Friday. The stock has a market capitalization of $349.30 million, a P/E ratio of -0.61 and a beta of 1.62. The firm’s 50-day moving average is $6.37 and its two-hundred day moving average is $4.95. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $7.30.

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.