First Hawaiian Bank Buys Shares of 21,895 MBIA Inc. (MBI)

First Hawaiian Bank bought a new position in MBIA Inc. (NYSE:MBI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 21,895 shares of the insurance provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Davidson Kempner Capital Management LP raised its position in shares of MBIA by 79.6% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 2,592,669 shares of the insurance provider’s stock worth $23,438,000 after buying an additional 1,149,328 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of MBIA by 14.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,234,319 shares of the insurance provider’s stock worth $11,159,000 after buying an additional 153,216 shares during the period. Millennium Management LLC raised its position in shares of MBIA by 228.5% in the 2nd quarter. Millennium Management LLC now owns 1,021,057 shares of the insurance provider’s stock worth $9,230,000 after buying an additional 710,212 shares during the period. KBC Group NV raised its position in shares of MBIA by 5.7% in the 2nd quarter. KBC Group NV now owns 298,782 shares of the insurance provider’s stock worth $2,701,000 after buying an additional 16,081 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of MBIA in the 2nd quarter worth $652,000.

Shares of MBI opened at $9.90 on Thursday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.79 and a current ratio of 1.79. MBIA Inc. has a twelve month low of $6.31 and a twelve month high of $11.62.



MBIA (NYSE:MBI) last issued its earnings results on Wednesday, August 8th. The insurance provider reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.24). The firm had revenue of $12.00 million during the quarter, compared to analysts’ expectations of $62.27 million. MBIA had a negative return on equity of 28.41% and a negative net margin of 148.51%. During the same period last year, the business posted ($1.09) earnings per share.

In related news, major shareholder Fine Capital Partners, L.P. sold 1,477,900 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $11.33, for a total value of $16,744,607.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.07% of the company’s stock.

MBIA Profile

MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.

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Institutional Ownership by Quarter for MBIA (NYSE:MBI)

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