Two Sigma Investments LP Grows Stake in MBIA Inc. (NYSE:MBI)

Two Sigma Investments LP lifted its position in shares of MBIA Inc. (NYSE:MBI - Free Report) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,182 shares of the insurance provider's stock after purchasing an additional 125,039 shares during the period. Two Sigma Investments LP owned 0.75% of MBIA worth $2,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MBI. HighTower Advisors LLC lifted its position in shares of MBIA by 7.0% during the 4th quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock worth $198,000 after buying an additional 2,000 shares in the last quarter. Invesco Ltd. increased its position in shares of MBIA by 7.4% during the fourth quarter. Invesco Ltd. now owns 37,857 shares of the insurance provider's stock valued at $245,000 after acquiring an additional 2,613 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in MBIA by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 140,812 shares of the insurance provider's stock worth $910,000 after acquiring an additional 4,105 shares during the period. Northern Trust Corp boosted its position in MBIA by 1.4% in the fourth quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider's stock worth $2,766,000 after purchasing an additional 5,860 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in MBIA in the 4th quarter valued at $50,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their price target on shares of MBIA from $9.00 to $8.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th.

MBIA Trading Up 0.9%

Shares of MBI stock traded up $0.04 during trading hours on Wednesday, hitting $4.54. 188,730 shares of the company were exchanged, compared to its average volume of 442,426. The stock has a market capitalization of $228.68 million, a price-to-earnings ratio of -0.40 and a beta of 1.88. The firm has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $5.67. MBIA Inc. has a 52-week low of $3.22 and a 52-week high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last released its 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 business had revenue of $14.00 million during the quarter, compared to analyst estimates of $21.00 million. During the same period in the prior year, the company earned ($0.52) earnings per share. Sell-side analysts anticipate that MBIA Inc. will post -3.5 EPS for the current year.

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.