Nuveen LLC Purchases Shares of 146,814 MBIA, Inc. $MBI

Nuveen LLC purchased a new stake in MBIA, Inc. (NYSE:MBI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 146,814 shares of the insurance provider’s stock, valued at approximately $731,000. Nuveen LLC owned about 0.29% of MBIA at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MBI. Aquatic Capital Management LLC acquired a new stake in shares of MBIA during the 4th quarter worth about $50,000. Kahn Brothers Group Inc. acquired a new stake in shares of MBIA during the 4th quarter worth about $68,000. ProShare Advisors LLC acquired a new stake in shares of MBIA during the 4th quarter worth about $81,000. Dupree Financial Group LLC acquired a new stake in shares of MBIA during the 1st quarter worth about $124,000. Finally, MetLife Investment Management LLC lifted its stake in shares of MBIA by 225.8% during the 4th quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider’s stock worth $176,000 after buying an additional 18,893 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

MBIA Stock Down 1.8%

Shares of MBIA stock opened at $7.82 on Wednesday. MBIA, Inc. has a twelve month low of $3.22 and a twelve month high of $8.26. The company has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $5.17. The stock has a market capitalization of $394.83 million, a price-to-earnings ratio of -1.68 and a beta of 1.94.

Analyst Ratings Changes

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

About MBIA

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.