Two Sigma Advisers LP Raises Position in MBIA Inc. (NYSE:MBI)

Two Sigma Advisers LP increased its stake in MBIA Inc. (NYSE:MBI - Free Report) by 171.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,850 shares of the insurance provider's stock after purchasing an additional 78,200 shares during the quarter. Two Sigma Advisers LP owned about 0.24% of MBIA worth $800,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MBI. Wolf Hill Capital Management LP purchased a new position in shares of MBIA in the fourth quarter valued at $18,608,000. TCW Group Inc. grew its position in MBIA by 53.3% during the fourth quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider's stock worth $4,564,000 after buying an additional 245,760 shares in the last quarter. Freestone Capital Holdings LLC purchased a new position in MBIA during the fourth quarter worth about $1,159,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of MBIA in the 4th quarter worth about $1,058,000. Finally, Two Sigma Investments LP boosted its holdings in shares of MBIA by 49.0% in the 4th quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider's stock worth $2,456,000 after purchasing an additional 125,039 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

MBIA Trading Up 2.0%

Shares of MBI stock traded up $0.09 during midday trading on Friday, reaching $4.49. 19,966 shares of the stock were exchanged, compared to its average volume of 440,947. MBIA Inc. has a 1 year low of $3.22 and a 1 year high of $7.46. The company's 50 day moving average is $4.46 and its two-hundred day moving average is $5.66. The firm has a market cap of $226.17 million, a PE ratio of -0.40 and a beta of 1.88.

MBIA (NYSE:MBI - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $14.00 million during the quarter, compared to analysts' expectations of $21.00 million. During the same quarter in the prior year, the business posted ($0.52) EPS. As a group, equities analysts expect that MBIA Inc. will post -3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on MBIA from $9.00 to $8.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th.

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.