Barclays PLC Acquires 60,105 Shares of MBIA Inc. (NYSE:MBI)

Barclays PLC grew its holdings in shares of MBIA Inc. (NYSE:MBI - Free Report) by 102.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,511 shares of the insurance provider's stock after purchasing an additional 60,105 shares during the quarter. Barclays PLC owned about 0.23% of MBIA worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MBI. TCW Group Inc. raised its holdings in MBIA by 53.3% during the fourth 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 in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of MBIA in the 4th quarter valued at approximately $1,159,000. Geode Capital Management LLC lifted its holdings in MBIA by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 999,713 shares of the insurance provider's stock worth $6,459,000 after purchasing an additional 19,263 shares during the last quarter. Jane Street Group LLC boosted its position in MBIA by 70.5% during the third quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider's stock worth $281,000 after purchasing an additional 32,591 shares during the period. Finally, Trexquant Investment LP grew its holdings 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 purchasing an additional 92,892 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

MBIA Price Performance

NYSE:MBI opened at $4.65 on Wednesday. The stock has a market cap of $234.23 million, a P/E ratio of -0.41 and a beta of 1.88. The company has a fifty day moving average price of $4.84 and a 200 day moving average price of $5.65. MBIA Inc. has a one year low of $3.22 and a one year high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.17). The company had revenue of $29.00 million during the quarter, compared to analyst estimates of $28.70 million. As a group, equities research analysts anticipate that MBIA Inc. will post -3.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price objective on MBIA from $9.00 to $8.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th.

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.

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