Bluefin Capital Management LLC Takes $750,000 Position in MBIA, Inc. $MBI

Bluefin Capital Management LLC acquired a new stake in shares of MBIA, Inc. (NYSE:MBI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 115,006 shares of the insurance provider’s stock, valued at approximately $750,000.

A number of other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of MBIA in the 1st quarter valued at about $120,000. Jane Street Group LLC lifted its position in MBIA by 463.0% during the first quarter. Jane Street Group LLC now owns 54,086 shares of the insurance provider’s stock valued at $269,000 after acquiring an additional 68,986 shares during the last quarter. Geode Capital Management LLC lifted its position in MBIA by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,043,095 shares of the insurance provider’s stock valued at $4,528,000 after acquiring an additional 14,336 shares during the last quarter. Rhumbline Advisers lifted its position in MBIA by 5.5% during the second quarter. Rhumbline Advisers now owns 69,789 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 3,626 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in MBIA by 36.1% in the second quarter. Invesco Ltd. now owns 41,442 shares of the insurance provider’s stock valued at $180,000 after acquiring an additional 10,989 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MBI shares. Wall Street Zen upgraded MBIA from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MBIA in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods cut their target price on shares of MBIA from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

MBIA Trading Up 3.1%

Shares of MBI opened at $5.05 on Thursday. MBIA, Inc. has a 12 month low of $4.72 and a 12 month high of $8.26. The stock’s 50 day moving average is $5.78 and its two-hundred day moving average is $5.96. The firm has a market cap of $257.22 million, a P/E ratio of -1.75 and a beta of 1.62.

MBIA (NYSE:MBI) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $5.75 million. Equities research analysts forecast that MBIA, Inc. will post -0.33 EPS for the current year.

MBIA Profile

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.