Two Sigma Advisers LP Purchases 78,200 Shares of MBIA Inc. (NYSE:MBI)

Two Sigma Advisers LP raised its holdings in MBIA Inc. (NYSE:MBI - Free Report) by 171.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,850 shares of the insurance provider's stock after acquiring an additional 78,200 shares during the period. Two Sigma Advisers LP owned approximately 0.24% of MBIA worth $800,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wolf Hill Capital Management LP purchased a new stake in MBIA in the fourth quarter valued at approximately $18,608,000. TCW Group Inc. grew its stake in MBIA by 53.3% in the 4th 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 bought a new position in shares of MBIA in the 4th quarter worth $1,159,000. Susquehanna Fundamental Investments LLC bought a new position in shares of MBIA in the 4th quarter worth $1,058,000. Finally, Two Sigma Investments LP lifted its holdings in shares of MBIA by 49.0% during the 4th quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider's stock worth $2,456,000 after acquiring an additional 125,039 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

MBIA Stock Up 0.9%

Shares of MBIA stock traded up $0.04 during trading on Friday, hitting $4.44. 180,846 shares of the stock traded hands, compared to its average volume of 442,356. The stock has a market cap of $223.65 million, a price-to-earnings ratio of -0.39 and a beta of 1.88. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $7.46. The firm's fifty day moving average is $4.45 and its 200-day moving average is $5.64.

MBIA (NYSE:MBI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $14.00 million for the quarter, compared to analyst estimates of $21.00 million. During the same quarter in the prior year, the firm earned ($0.52) EPS. On average, analysts forecast that MBIA Inc. will post -3.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their target price on shares of 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.