NBC Securities Inc. Raises Stake in MBIA Inc. (NYSE:MBI)

NBC Securities Inc. raised its stake in MBIA Inc. (NYSE:MBI - Free Report) by 133,525.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,848 shares of the insurance provider's stock after acquiring an additional 82,786 shares during the quarter. NBC Securities Inc. owned approximately 0.16% of MBIA worth $412,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in MBIA by 102.9% in the fourth quarter. Barclays PLC now owns 118,511 shares of the insurance provider's stock valued at $766,000 after acquiring an additional 60,105 shares during the period. Two Sigma Investments LP increased its position in shares of MBIA by 49.0% in the fourth quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider's stock valued at $2,456,000 after buying an additional 125,039 shares in the last quarter. TCW Group Inc. increased its position in shares of MBIA by 53.3% in the fourth quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider's stock valued at $4,564,000 after buying an additional 245,760 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of MBIA in the fourth quarter valued at approximately $1,159,000. Finally, Two Sigma Advisers LP increased its position in shares of MBIA by 171.3% in the fourth quarter. Two Sigma Advisers LP now owns 123,850 shares of the insurance provider's stock valued at $800,000 after buying an additional 78,200 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

MBIA Stock Performance

Shares of MBI traded up $0.04 during trading hours on Friday, hitting $4.44. 180,846 shares of the stock were exchanged, compared to its average volume of 442,356. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $7.46. The company has a market cap of $223.65 million, a price-to-earnings ratio of -0.39 and a beta of 1.88. The stock's 50-day moving average price is $4.46 and its two-hundred day moving average price is $5.66.

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 the consensus estimate of ($0.07) by ($0.09). The company had revenue of $14.00 million during the quarter, compared to analysts' expectations of $21.00 million. During the same period last year, the firm earned ($0.52) EPS. On average, research analysts expect that MBIA Inc. will post -3.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price objective on 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.