Barclays PLC Grows Stake in MBIA Inc. (NYSE:MBI)

Barclays PLC raised its stake in MBIA Inc. (NYSE:MBI) by 279.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,406 shares of the insurance provider’s stock after acquiring an additional 42,998 shares during the quarter. Barclays PLC’s holdings in MBIA were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MBI. Whitebox Advisors LLC lifted its stake in shares of MBIA by 86.8% during the 2nd quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock valued at $4,361,000 after buying an additional 369,255 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of MBIA by 321.0% during the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock valued at $1,129,000 after buying an additional 241,116 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of MBIA by 427.9% during the 2nd quarter. Renaissance Technologies LLC now owns 119,174 shares of the insurance provider’s stock valued at $654,000 after buying an additional 96,600 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its stake in shares of MBIA by 184.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 119,535 shares of the insurance provider’s stock valued at $656,000 after buying an additional 77,494 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of MBIA during the 2nd quarter valued at approximately $414,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

MBIA Stock Up 3.1 %

Shares of NYSE:MBI opened at $7.04 on Tuesday. The stock has a market cap of $359.25 million, a PE ratio of -0.62 and a beta of 1.62. The company’s fifty day moving average is $5.93 and its 200 day moving average is $4.76. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $7.16.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MBI shares. Keefe, Bruyette & Woods raised shares of MBIA from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $6.50 to $9.00 in a report on Monday, November 18th. StockNews.com raised shares of MBIA from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th.

Insider Buying and Selling

In other MBIA news, Director Theodore Shasta sold 11,261 shares of the firm’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 owns 71,364 shares of the company’s stock, valued at $437,461.32. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard C. Vaughan sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 approximately $432,534.65. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,831 shares of company stock worth $192,842 in the last 90 days. 12.58% of the stock is owned by company insiders.

MBIA 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.