Barclays PLC Boosts Stock Position in MBIA Inc. (NYSE:MBI)

Barclays PLC raised its stake in 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 fund owned 118,511 shares of the insurance provider's stock after buying an additional 60,105 shares during the period. Barclays PLC owned about 0.23% of MBIA worth $766,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MBI. TCW Group Inc. lifted its stake in shares of MBIA by 53.3% in the 4th quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider's stock valued at $4,564,000 after purchasing an additional 245,760 shares during the period. Freestone Capital Holdings LLC purchased a new stake in shares of MBIA in the fourth quarter worth approximately $1,159,000. Geode Capital Management LLC increased its position in shares of MBIA by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 999,713 shares of the insurance provider's stock valued at $6,459,000 after acquiring an additional 19,263 shares during the last quarter. Jane Street Group LLC increased its position in shares of MBIA by 70.5% during the third quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider's stock valued at $281,000 after acquiring an additional 32,591 shares during the last quarter. 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 period. Institutional investors own 60.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective 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 Performance

MBIA stock traded up $0.16 during midday trading on Monday, hitting $4.46. 36,192 shares of the company's stock were exchanged, compared to its average volume of 446,509. MBIA Inc. has a 52-week low of $3.22 and a 52-week high of $7.46. The stock has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $5.68. The company has a market cap of $224.65 million, a P/E ratio of -0.39 and a beta of 1.88.

MBIA (NYSE:MBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). During the same period in the previous year, the firm posted ($0.52) earnings per share. As a group, sell-side analysts expect that MBIA Inc. will post -3.5 earnings per share 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.