Legal & General Group Plc raised its position in MBIA Inc. (NYSE:MBI) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 181,574 shares of the insurance provider’s stock after purchasing an additional 13,315 shares during the period. Legal & General Group Plc owned about 0.20% of MBIA worth $1,619,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of MBI. Bank of New York Mellon Corp raised its holdings in shares of MBIA by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 498,568 shares of the insurance provider’s stock valued at $5,330,000 after purchasing an additional 21,941 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of MBIA during the third quarter valued at approximately $127,000. Man Group plc purchased a new position in shares of MBIA during the third quarter valued at approximately $418,000. MetLife Investment Advisors LLC raised its holdings in shares of MBIA by 50.6% during the third quarter. MetLife Investment Advisors LLC now owns 63,047 shares of the insurance provider’s stock valued at $674,000 after purchasing an additional 21,173 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of MBIA by 31.7% during the third quarter. Teachers Advisors LLC now owns 228,461 shares of the insurance provider’s stock valued at $2,442,000 after purchasing an additional 54,981 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors.
MBI opened at $9.45 on Friday. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.68 and a current ratio of 1.68. MBIA Inc. has a twelve month low of $7.95 and a twelve month high of $11.62.
In other news, Director Theodore Shasta sold 12,121 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.66, for a total transaction of $129,209.86. Following the completion of the transaction, the director now directly owns 107,016 shares of the company’s stock, valued at $1,140,790.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.83% of the stock is owned by insiders.
MBIA, Inc operates as holding company. Through its subsidiaries, it provides financial guarantee insurance, related reinsurance, advisory and portfolio services, and asset management advisory services. It operates through the following business segments: U.S. Public Finance Insurance, Corporate, and International and Structured Finance Insurance.
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