Bluefin Capital Management LLC Acquires New Holdings in MBIA, Inc. $MBI

Key Points

• Bluefin Capital Management LLC has acquired 102,042 shares of MBIA, Inc. valued at approximately $508,000, marking a new investment position in the company.
• Several institutional investors increased their stakes in MBIA during the fourth quarter, with Deutsche Bank AG boosting its holdings by 63.2%.
• MBIA's stock currently has a consensus rating of Buy and a price target of $8.00, with its market cap at $381.70 million.

Bluefin Capital Management LLC acquired a new stake in shares of MBIA, Inc. (NYSE:MBI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 102,042 shares of the insurance provider's stock, valued at approximately $508,000. Bluefin Capital Management LLC owned approximately 0.20% of MBIA as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. ProShare Advisors LLC purchased a new position in shares of MBIA during the 4th quarter valued at approximately $81,000. AQR Capital Management LLC acquired a new stake in MBIA in the first quarter valued at $120,000. Dupree Financial Group LLC bought a new position in MBIA during the 1st quarter valued at $124,000. XTX Topco Ltd grew its holdings in MBIA by 25.5% during the 1st 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, Occudo Quantitative Strategies LP bought a new stake in shares of MBIA in the 4th quarter worth about $215,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of MBIA from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $8.00.

MBIA Trading Down 0.7%

MBI traded down $0.06 on Monday, hitting $7.74. 36,177 shares of the company's stock were exchanged, compared to its average volume of 354,975. The stock has a fifty day moving average of $6.20 and a two-hundred day moving average of $5.19. MBIA, Inc. has a twelve month low of $3.28 and a twelve month high of $8.26. The firm has a market cap of $390.54 million, a PE ratio of -1.66 and a beta of 1.94.

MBIA 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.