AQR Capital Management LLC Acquires Shares of 75,374 MBIA Inc. (NYSE:MBI)

AQR Capital Management LLC bought a new position in shares of MBIA Inc. (NYSE:MBI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 75,374 shares of the insurance provider’s stock, valued at approximately $414,000. AQR Capital Management LLC owned about 0.15% of MBIA as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MBI. Virtu Financial LLC acquired a new stake in shares of MBIA during the 4th quarter worth approximately $289,000. Park Avenue Securities LLC increased 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 last quarter. GSA Capital Partners LLP raised its holdings in shares of MBIA by 22.4% during the 1st quarter. GSA Capital Partners LLP now owns 190,674 shares of the insurance provider’s stock worth $1,289,000 after buying an additional 34,940 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of MBIA by 19.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,587 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in MBIA by 87.3% in the first quarter. SG Americas Securities LLC now owns 47,519 shares of the insurance provider’s stock valued at $321,000 after buying an additional 22,145 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

MBIA Price Performance

Shares of NYSE MBI opened at $3.76 on Wednesday. MBIA Inc. has a one year low of $3.22 and a one year high of $14.37. The business’s fifty day moving average price is $3.65 and its 200-day moving average price is $4.94. The stock has a market capitalization of $192.80 million, a PE ratio of -0.37 and a beta of 1.43.

MBIA (NYSE:MBI) last announced its earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($2.75). The business had revenue of ($37.00) million during the quarter, compared to analyst estimates of $29.00 million. During the same quarter in the prior year, the company earned ($0.45) EPS. As a group, equities analysts expect that MBIA Inc. will post -3.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

MBIA Company 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.