SG Americas Securities LLC Grows Position in MBIA Inc. (NYSE:MBI)

SG Americas Securities LLC increased its holdings in MBIA Inc. (NYSE:MBI) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,374 shares of the insurance provider’s stock after acquiring an additional 3,532 shares during the quarter. SG Americas Securities LLC’s holdings in MBIA were worth $155,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MBI. Point72 Middle East FZE acquired a new position in shares of MBIA during the fourth quarter valued at about $34,000. State of Wyoming acquired a new position in shares of MBIA during the fourth quarter valued at about $37,000. Tower Research Capital LLC TRC increased its holdings in shares of MBIA by 24.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,914 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 976 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of MBIA by 105.8% during the first quarter. Great West Life Assurance Co. Can now owns 2,782 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 1,430 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of MBIA by 28.6% during the third quarter. SRS Capital Advisors Inc. now owns 7,721 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 1,718 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

MBIA Trading Down 0.2 %

Shares of NYSE:MBI opened at $6.23 on Tuesday. MBIA Inc. has a twelve month low of $5.21 and a twelve month high of $14.37. The company’s 50 day moving average is $6.54 and its 200 day moving average is $7.16. The company has a market cap of $319.45 million, a PE ratio of -0.61 and a beta of 1.46.

MBIA (NYSE:MBI) last released its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.20). The business had revenue of ($31.00) million during the quarter, compared to analyst estimates of $32.00 million. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts predict that MBIA Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of MBIA from $9.00 to $7.50 and set a “market perform” rating on the stock in a report on Monday, April 1st. Roth Mkm cut their price target on shares of MBIA from $15.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, December 19th. Finally, StockNews.com upgraded shares of MBIA to a “sell” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.50.

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.