Vanguard Group Inc. Has $16.98 Million Stock Holdings in MBIA Inc. (NYSE:MBI)

Vanguard Group Inc. trimmed its position in MBIA Inc. (NYSE:MBI - Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,355,678 shares of the insurance provider's stock after selling 153,702 shares during the quarter. Vanguard Group Inc. owned 4.61% of MBIA worth $16,984,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MBI. Wellington Management Group LLP acquired a new stake in shares of MBIA in the first quarter valued at approximately $9,206,000. Millennium Management LLC raised its holdings in MBIA by 209.0% in the 4th quarter. Millennium Management LLC now owns 832,872 shares of the insurance provider's stock valued at $10,702,000 after acquiring an additional 563,298 shares in the last quarter. Madison Avenue Partners LP bought a new stake in shares of MBIA during the 4th quarter valued at $4,260,000. BlackRock Inc. grew its holdings in shares of MBIA by 8.5% during the 1st quarter. BlackRock Inc. now owns 3,722,576 shares of the insurance provider's stock worth $34,471,000 after purchasing an additional 290,439 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of MBIA during the 1st quarter worth $2,331,000. Institutional investors own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Roth Mkm decreased their target price on MBIA from $15.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, December 19th. StockNews.com raised shares of MBIA to a "sell" rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods cut their price target on MBIA from $9.00 to $7.50 and set a "market perform" rating on the stock in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.50.

MBIA Trading Down 0.2 %

Shares of NYSE:MBI traded down $0.01 during mid-day trading on Monday, reaching $6.23. The company had a trading volume of 228,301 shares, compared to its average volume of 510,471. MBIA Inc. has a one year low of $5.21 and a one year high of $14.37. The company's 50-day moving average price is $6.54 and its 200-day moving average price is $7.16. The firm has a market cap of $319.45 million, a price-to-earnings ratio of -0.61 and a beta of 1.46.

MBIA (NYSE:MBI - Get Free Report) last posted its earnings results on Wednesday, February 28th. The insurance provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.20). The firm had revenue of ($31.00) million for the quarter, compared to analysts' expectations of $32.00 million. During the same period last year, the firm earned $0.30 EPS. On average, research analysts anticipate that MBIA Inc. will post -0.3 EPS for the current fiscal year.

MBIA Company 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.