MBIA Inc. (NYSE:MBI) Position Boosted by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of MBIA Inc. (NYSE:MBI) by 63.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,033 shares of the insurance provider’s stock after acquiring an additional 19,379 shares during the quarter. Deutsche Bank AG owned approximately 0.10% of MBIA worth $323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wolf Hill Capital Management LP purchased a new position in MBIA during the 4th quarter valued at about $18,608,000. Hosking Partners LLP lifted its holdings in shares of MBIA by 1.9% during the 4th quarter. Hosking Partners LLP now owns 1,596,297 shares of the insurance provider’s stock valued at $10,312,000 after buying an additional 29,918 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MBIA by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 999,713 shares of the insurance provider’s stock valued at $6,459,000 after buying an additional 19,263 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of MBIA by 53.3% during the 4th quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider’s stock valued at $4,564,000 after buying an additional 245,760 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of MBIA by 1.4% during the 4th quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider’s stock valued at $2,766,000 after buying an additional 5,860 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

MBIA Stock Down 2.9%

Shares of MBI opened at $4.42 on Friday. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $7.46. The firm has a market capitalization of $222.64 million, a PE ratio of -0.39 and a beta of 1.88. The stock’s fifty day simple moving average is $4.51 and its 200-day simple moving average is $5.70.

MBIA (NYSE:MBI) last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $14.00 million during the quarter, compared to the consensus estimate of $21.00 million. During the same quarter in the prior year, the company posted ($0.52) earnings per share. Analysts anticipate that MBIA Inc. will post -3.5 EPS for the current year.

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.