Jane Street Group LLC Has $281,000 Stake in MBIA Inc. (NYSE:MBI)

Jane Street Group LLC boosted its stake in MBIA Inc. (NYSE:MBI) by 70.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 78,814 shares of the insurance provider’s stock after buying an additional 32,591 shares during the period. Jane Street Group LLC’s holdings in MBIA were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets raised 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 valued at $35,000 after purchasing an additional 2,090 shares during the last quarter. Quantbot Technologies LP raised its position in MBIA by 476.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 11,784 shares during the last quarter. SG Americas Securities LLC raised its position in MBIA by 18.7% in the 3rd quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider’s stock valued at $267,000 after purchasing an additional 11,811 shares during the last quarter. Seelaus Asset Management LLC bought a new position in MBIA in the 3rd quarter valued at $45,000. Finally, Charles Schwab Investment Management Inc. raised its position in MBIA by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 384,482 shares of the insurance provider’s stock valued at $1,373,000 after purchasing an additional 14,255 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded MBIA from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $6.50 to $9.00 in a research report on Monday, November 18th. StockNews.com downgraded MBIA from a “hold” rating to a “sell” rating in a research report on Wednesday.

MBIA Stock Down 2.1 %

MBI stock opened at $6.00 on Friday. The company has a market cap of $306.18 million, a P/E ratio of -0.53 and a beta of 1.62. MBIA Inc. has a twelve month low of $3.22 and a twelve month high of $7.16. The business has a fifty day moving average of $6.08 and a 200-day moving average of $4.79.

Insider Transactions at MBIA

In related news, Director Richard C. Vaughan sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 approximately $432,534.65. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Theodore Shasta sold 9,570 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 29,831 shares of company stock worth $192,842 over the last 90 days. 12.58% of the stock is owned by insiders.

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.