MBIA (NYSE:MBI) Stock Rating Upgraded by StockNews.com

MBIA (NYSE:MBI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, Keefe, Bruyette & Woods upgraded shares of MBIA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $6.50 to $9.00 in a report on Monday, November 18th.

MBIA Stock Down 5.4 %

Shares of MBIA stock opened at $6.00 on Tuesday. MBIA has a 12-month low of $3.22 and a 12-month high of $14.25. The firm has a market capitalization of $306.18 million, a PE ratio of -0.53 and a beta of 1.61. The stock’s fifty day moving average is $5.28 and its 200-day moving average is $4.70.

Insider Activity

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $6.59, for a total value of $59,310.00. Following the completion of the sale, the director now owns 65,635 shares in the company, valued at $432,534.65. This represents a 12.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MBIA

A number of hedge funds have recently modified their holdings of MBI. BNP Paribas Financial Markets increased its position in MBIA by 26.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 2,090 shares during the last quarter. Seelaus Asset Management LLC bought a new position in MBIA during the third quarter valued at approximately $45,000. Quantbot Technologies LP raised its position in MBIA by 476.5% during the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 11,784 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in MBIA in the second quarter worth approximately $83,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of MBIA by 34.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,065 shares of the insurance provider’s stock worth $116,000 after purchasing an additional 5,351 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.