Russell Investments Group Ltd. Sells 14,520 Shares of MBIA Inc. (NYSE:MBI)

Russell Investments Group Ltd. cut its stake in shares of MBIA Inc. (NYSE:MBI – Get Rating) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,856 shares of the insurance provider’s stock after selling 14,520 shares during the quarter. Russell Investments Group Ltd. owned 0.30% of MBIA worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MBI. Wellington Management Group LLP bought a new stake in MBIA during the first quarter valued at approximately $9,206,000. Highland Peak Capital LLC bought a new stake in MBIA during the fourth quarter valued at approximately $5,490,000. Goldman Sachs Group Inc. lifted its holdings in shares of MBIA by 223.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 347,525 shares of the insurance provider’s stock worth $5,348,000 after acquiring an additional 239,996 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of MBIA by 100.8% in the 3rd quarter. Boothbay Fund Management LLC now owns 218,983 shares of the insurance provider’s stock worth $2,015,000 after acquiring an additional 109,942 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of MBIA in the 4th quarter worth approximately $1,271,000. 60.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on MBI shares. Keefe, Bruyette & Woods decreased their target price on shares of MBIA from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 15th. Compass Point raised shares of MBIA from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, April 21st. Roth Capital reissued a “buy” rating on shares of MBIA in a research report on Wednesday, March 1st. Finally, StockNews.com initiated coverage on shares of MBIA in a research report on Thursday. They set a “sell” rating on the stock.

MBIA Trading Down 2.2 %

Shares of MBIA stock opened at $7.83 on Monday. The company’s fifty day simple moving average is $9.40 and its two-hundred day simple moving average is $11.45. The company has a market cap of $429.71 million, a P/E ratio of -1.82 and a beta of 1.21. MBIA Inc. has a 12-month low of $7.33 and a 12-month high of $14.48.

MBIA (NYSE:MBI – Get Rating) last released its earnings results on Tuesday, February 28th. The insurance provider reported $0.30 earnings per share for the quarter. The business had revenue of $57.00 million during the quarter. Analysts predict that MBIA Inc. will post -0.8 EPS for the current fiscal year.

MBIA Company Profile

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MBIA, Inc is a holding company, which engages in the provision of financial guarantee insurance, related reinsurance, advisory and portfolio services, and asset management advisory services. It operates through the following business segments: U.S. Public Finance Insurance, Corporate, and International and Structured Finance Insurance.