Vanguard Group Inc. Sells 120,979 Shares of MBIA Inc. (NYSE:MBI)

Vanguard Group Inc. reduced its holdings in shares of MBIA Inc. (NYSE:MBI - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,389,770 shares of the insurance provider's stock after selling 120,979 shares during the quarter. Vanguard Group Inc. owned approximately 4.68% of MBIA worth $15,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TCW Group Inc. raised its holdings in MBIA by 53.3% in the 4th quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider's stock valued at $4,564,000 after acquiring an additional 245,760 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of MBIA during the 4th quarter worth $1,159,000. Barclays PLC raised its holdings in shares of MBIA by 279.1% during the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock worth $209,000 after buying an additional 42,998 shares in the last quarter. State Street Corp raised its holdings in shares of MBIA by 3.6% during the 3rd quarter. State Street Corp now owns 1,015,523 shares of the insurance provider's stock worth $3,625,000 after buying an additional 35,104 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of MBIA by 70.5% during the 3rd quarter. Jane Street Group LLC now owns 78,814 shares of the insurance provider's stock worth $281,000 after buying an additional 32,591 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th.

MBIA Stock Performance

Shares of NYSE MBI remained flat at $4.59 during midday trading on Wednesday. 26,502 shares of the stock were exchanged, compared to its average volume of 401,417. The company has a market cap of $231.20 million, a price-to-earnings ratio of -0.41 and a beta of 1.80. MBIA Inc. has a 1 year low of $3.22 and a 1 year high of $7.46. The firm has a fifty day simple moving average of $5.32 and a 200 day simple moving average of $5.58.

MBIA (NYSE:MBI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.17). The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $28.70 million. On average, equities research analysts expect that MBIA Inc. will post -3.5 earnings per share for the current year.

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.