UBS Group AG Has $4.56 Million Stake in MBIA, Inc. $MBI

UBS Group AG trimmed its stake in MBIA, Inc. (NYSE:MBI) by 38.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,230 shares of the insurance provider’s stock after selling 390,176 shares during the period. UBS Group AG’s holdings in MBIA were worth $4,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in MBIA by 2.5% in the third quarter. Alliancebernstein L.P. now owns 78,540 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 1,900 shares during the period. Rhumbline Advisers increased its holdings in MBIA by 5.5% in the second quarter. Rhumbline Advisers now owns 69,789 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 3,626 shares during the period. AlphaQuest LLC acquired a new stake in MBIA in the third quarter valued at $29,000. Quarry LP acquired a new stake in MBIA in the third quarter valued at $37,000. Finally, Shay Capital LLC increased its holdings in MBIA by 16.0% in the third quarter. Shay Capital LLC now owns 45,000 shares of the insurance provider’s stock valued at $335,000 after purchasing an additional 6,210 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

MBIA Trading Down 2.6%

Shares of MBIA stock opened at $6.14 on Friday. The business has a 50-day moving average price of $5.95 and a two-hundred day moving average price of $6.60. MBIA, Inc. has a 1-year low of $4.11 and a 1-year high of $8.26. The company has a market cap of $312.46 million, a P/E ratio of -1.98 and a beta of 1.67.

MBIA (NYSE:MBI) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $5.80 million. Equities research analysts forecast that MBIA, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on MBIA from $8.50 to $7.50 and set an “outperform” rating for the company in a report on Thursday, March 19th. Wall Street Zen upgraded MBIA from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of MBIA in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MBIA presently has an average rating of “Hold” and a consensus target price of $7.50.

About MBIA

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.