MBIA Inc. (NYSE:MBI) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of MBIA Inc. (NYSE:MBI) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,812 shares of the insurance provider’s stock after acquiring an additional 4,105 shares during the quarter. Wells Fargo & Company MN owned 0.28% of MBIA worth $910,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of MBIA by 7.0% during the 4th quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider’s stock valued at $198,000 after buying an additional 2,000 shares during the last quarter. Barclays PLC increased its position in MBIA by 279.1% in the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider’s stock worth $209,000 after buying an additional 42,998 shares during the period. Jane Street Group LLC increased its position in shares of MBIA by 70.5% during the third quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 32,591 shares during the period. Trexquant Investment LP increased its position in shares of MBIA by 557.9% during the fourth quarter. Trexquant Investment LP now owns 109,542 shares of the insurance provider’s stock valued at $708,000 after purchasing an additional 92,892 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new stake in MBIA in the 4th quarter valued at $1,159,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

MBIA Price Performance

Shares of NYSE:MBI opened at $4.70 on Thursday. The company has a 50 day moving average of $5.03 and a 200-day moving average of $5.62. MBIA Inc. has a one year low of $3.22 and a one year high of $7.46. The stock has a market cap of $236.74 million, a price-to-earnings ratio of -0.42 and a beta of 1.80.

MBIA (NYSE:MBI) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.17). The company had revenue of $29.00 million for the quarter, compared to analyst estimates of $28.70 million. Equities research analysts anticipate that MBIA Inc. will post -3.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MBI shares. StockNews.com cut MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of MBIA from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday.

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.