MBIA Inc. (NYSE:MBI) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its holdings in shares of MBIA Inc. (NYSE:MBI) by 88.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,607 shares of the insurance provider’s stock after selling 217,991 shares during the quarter. WINTON GROUP Ltd’s holdings in MBIA were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of MBIA in the 4th quarter valued at $25,000. Neuberger Berman Group LLC lifted its stake in shares of MBIA by 21.6% in the 4th quarter. Neuberger Berman Group LLC now owns 12,910 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 2,295 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of MBIA in the 4th quarter valued at $80,000. Park Avenue Securities LLC lifted its stake in shares of MBIA by 11.0% in the 1st quarter. Park Avenue Securities LLC now owns 24,700 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 2,444 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of MBIA in the 1st quarter valued at $284,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MBI has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of MBIA from $7.50 to $6.50 and set a “market perform” rating for the company in a research note on Friday, May 31st. Roth Mkm cut their price target on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

MBIA Stock Performance

Shares of NYSE MBI opened at $3.64 on Thursday. The firm has a market cap of $186.65 million, a PE ratio of -0.36 and a beta of 1.44. The firm has a fifty day moving average of $4.07 and a 200 day moving average of $5.36. MBIA Inc. has a one year low of $3.22 and a one year high of $14.37.

MBIA (NYSE:MBI) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) EPS for the quarter, missing the consensus estimate of ($0.15) by ($2.75). The company had revenue of ($37.00) million for the quarter, compared to the consensus estimate of $29.00 million. During the same period in the previous year, the firm posted ($0.45) earnings per share. On average, equities analysts predict that MBIA Inc. will post -3.75 EPS for the current fiscal 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.