MBIA Inc. (NYSE:MBI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in MBIA Inc. (NYSE:MBI) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,943 shares of the insurance provider’s stock after buying an additional 2,090 shares during the period. BNP Paribas Financial Markets’ holdings in MBIA were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MBI. Seelaus Asset Management LLC acquired a new stake in MBIA during the 3rd quarter worth about $45,000. Quantbot Technologies LP lifted its holdings in shares of MBIA by 476.5% during the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 11,784 shares during the period. Sanctuary Advisors LLC purchased a new stake in MBIA in the second quarter valued at approximately $83,000. Envestnet Portfolio Solutions Inc. increased its holdings in MBIA by 34.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,065 shares of the insurance provider’s stock worth $116,000 after buying an additional 5,351 shares during the period. Finally, SG Americas Securities LLC increased its holdings in MBIA by 18.7% in the 3rd quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider’s stock worth $267,000 after buying an additional 11,811 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the director now owns 65,635 shares of the company’s stock, valued at approximately $432,534.65. This represents a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MBI shares. StockNews.com raised shares of MBIA from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods raised shares of MBIA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $6.50 to $9.00 in a report on Monday, November 18th.

MBIA Trading Up 1.7 %

Shares of NYSE:MBI opened at $6.10 on Friday. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $14.25. The business has a 50 day moving average of $5.33 and a two-hundred day moving average of $4.71. The company has a market capitalization of $311.28 million, a PE ratio of -0.54 and a beta of 1.61.

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.