MetLife Investment Management LLC Buys 18,893 Shares of MBIA Inc. (NYSE:MBI)

MetLife Investment Management LLC grew its stake in shares of MBIA Inc. (NYSE:MBI) by 225.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,260 shares of the insurance provider’s stock after buying an additional 18,893 shares during the quarter. MetLife Investment Management LLC owned 0.05% of MBIA worth $176,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. TCW Group Inc. lifted its stake in MBIA by 53.3% during the fourth quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider’s stock worth $4,564,000 after purchasing an additional 245,760 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in MBIA in the fourth quarter worth approximately $1,159,000. Trexquant Investment LP grew its position in 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 acquiring an additional 92,892 shares during the last quarter. Barclays PLC raised its stake in shares of MBIA by 102.9% during the fourth quarter. Barclays PLC now owns 118,511 shares of the insurance provider’s stock worth $766,000 after acquiring an additional 60,105 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of MBIA by 70.5% in the 3rd quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider’s stock worth $281,000 after acquiring an additional 32,591 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

MBIA Price Performance

Shares of MBIA stock opened at $4.87 on Friday. MBIA Inc. has a one year low of $3.22 and a one year high of $7.46. The business’s 50 day simple moving average is $4.80 and its two-hundred day simple moving average is $5.65. The stock has a market capitalization of $245.05 million, a P/E ratio of -0.43 and a beta of 1.88.

MBIA (NYSE:MBI) last issued its earnings results on Thursday, May 8th. The insurance provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). During the same period in the prior year, the firm earned ($0.52) EPS. Sell-side analysts expect that MBIA Inc. will post -3.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their target price on shares of MBIA from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th.

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.