MBIA, Inc. $MBI Stock Holdings Cut by MetLife Investment Management LLC

MetLife Investment Management LLC cut its stake in shares of MBIA, Inc. (NYSE:MBI) by 45.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,756 shares of the insurance provider’s stock after selling 12,504 shares during the quarter. MetLife Investment Management LLC’s holdings in MBIA were worth $73,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MBI. Valueworks LLC lifted its holdings in shares of MBIA by 1.0% in the first quarter. Valueworks LLC now owns 2,205,805 shares of the insurance provider’s stock valued at $10,985,000 after purchasing an additional 22,910 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of MBIA by 60.6% during the first quarter. Freestone Capital Holdings LLC now owns 288,129 shares of the insurance provider’s stock worth $1,435,000 after acquiring an additional 108,776 shares in the last quarter. Nuveen LLC purchased a new stake in shares of MBIA during the first quarter worth $731,000. XTX Topco Ltd raised its holdings in shares of MBIA by 25.5% during the first quarter. XTX Topco Ltd now owns 29,528 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 6,001 shares in the last quarter. Finally, TCW Group Inc. raised its holdings in shares of MBIA by 12.7% during the first quarter. TCW Group Inc. now owns 796,560 shares of the insurance provider’s stock worth $3,967,000 after acquiring an additional 90,000 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

MBIA Trading Down 2.3%

NYSE:MBI opened at $7.39 on Thursday. The firm has a 50 day moving average of $6.07 and a 200-day moving average of $5.20. MBIA, Inc. has a 1 year low of $3.22 and a 1 year high of $8.26. The stock has a market capitalization of $372.97 million, a P/E ratio of -1.59 and a beta of 1.94.

Analysts Set New Price Targets

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