MBIA Inc. (NYSE:MBI) Stock Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of MBIA Inc. (NYSE:MBI) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 363,576 shares of the insurance provider’s stock after selling 20,906 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MBIA were worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its stake in shares of MBIA by 476.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 11,784 shares during the last quarter. 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 valued at $35,000 after buying an additional 2,090 shares during the period. State Street Corp raised its stake in shares of MBIA by 3.6% during the 3rd quarter. State Street Corp now owns 1,015,523 shares of the insurance provider’s stock worth $3,625,000 after purchasing an additional 35,104 shares in the last quarter. Whitebox Advisors LLC raised its position in MBIA by 6.3% during the third quarter. Whitebox Advisors LLC now owns 844,431 shares of the insurance provider’s stock valued at $3,015,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in MBIA by 70.5% in the third quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 32,591 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

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

MBIA Trading Down 4.6 %

MBIA stock opened at $5.02 on Friday. MBIA Inc. has a 1 year low of $3.22 and a 1 year high of $7.46. The firm has a market capitalization of $255.82 million, a P/E ratio of -0.44 and a beta of 1.64. The business has a 50-day moving average of $6.18 and a 200-day moving average of $5.48.

MBIA (NYSE:MBI) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.17). The business had revenue of $29.00 million for the quarter, compared to analysts’ expectations of $28.70 million. Research analysts anticipate that MBIA Inc. will post -3.5 EPS for the current fiscal year.

Insider Activity

In related news, Director Theodore Shasta sold 9,570 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total value of $64,501.80. Following the completion of the transaction, the director now owns 61,794 shares of the company’s stock, valued at $416,491.56. This represents a 13.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.