MANA Advisors LLC purchased a new position in shares of MBIA Inc. (NYSE:MBI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 43,172 shares of the insurance provider’s stock, valued at approximately $316,000.
Several other institutional investors have also modified their holdings of the company. Fine Capital Partners L.P. boosted its stake in shares of MBIA by 27.0% during the 4th quarter. Fine Capital Partners L.P. now owns 11,086,830 shares of the insurance provider’s stock worth $81,156,000 after acquiring an additional 2,360,398 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of MBIA by 20.2% during the 4th quarter. OppenheimerFunds Inc. now owns 6,298,113 shares of the insurance provider’s stock worth $46,102,000 after acquiring an additional 1,060,304 shares during the last quarter. Hosking Partners LLP lifted its stake in shares of MBIA by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 5,894,581 shares of the insurance provider’s stock valued at $51,283,000 after buying an additional 24,425 shares in the last quarter. Kahn Brothers Group Inc. DE lifted its stake in shares of MBIA by 5.8% during the 4th quarter. Kahn Brothers Group Inc. DE now owns 4,590,028 shares of the insurance provider’s stock valued at $33,599,000 after buying an additional 253,534 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of MBIA by 10.2% during the 4th quarter. Royce & Associates LP now owns 4,273,068 shares of the insurance provider’s stock valued at $31,279,000 after buying an additional 396,351 shares in the last quarter.
MBIA Inc. (NYSE MBI) opened at $8.56 on Monday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.90 and a current ratio of 1.90. MBIA Inc. has a one year low of $6.04 and a one year high of $10.72.
In other news, Director Joseph W. Brown bought 50,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of $7.25 per share, for a total transaction of $362,500.00. Following the purchase, the director now owns 2,399,634 shares in the company, valued at $17,397,346.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.11% of the stock is currently owned by insiders.
MBI has been the topic of a number of analyst reports. ValuEngine cut shares of MBIA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Keefe, Bruyette & Woods initiated coverage on shares of MBIA in a research note on Monday, February 5th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. MBIA presently has a consensus rating of “Hold” and an average price target of $14.50.
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MBIA Company Profile
MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.
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