Deutsche Bank AG Reduces Holdings in MBIA, Inc. $MBI

Deutsche Bank AG trimmed its stake in shares of MBIA, Inc. (NYSE:MBI) by 10.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,835 shares of the insurance provider’s stock after selling 5,198 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of MBIA worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in MBIA in the 4th quarter worth approximately $50,000. Kahn Brothers Group Inc. purchased a new stake in MBIA in the fourth quarter worth about $68,000. Nebula Research & Development LLC bought a new position in shares of MBIA during the fourth quarter valued at approximately $77,000. ProShare Advisors LLC purchased a new position in MBIA during the fourth quarter valued at $81,000. Finally, Dupree Financial Group LLC purchased a new position in MBIA in the first quarter worth about $124,000. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised MBIA from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.00.

MBIA Price Performance

MBI stock opened at $7.97 on Friday. MBIA, Inc. has a 1-year low of $3.22 and a 1-year high of $8.26. The business has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $5.16. The company has a market capitalization of $402.15 million, a price-to-earnings ratio of -1.71 and a beta of 1.85.

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.