MBIA (NYSE:MBI) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

Keefe, Bruyette & Woods upgraded shares of MBIA (NYSE:MBI) from a market perform rating to an outperform rating in a research report report published on Monday, MarketBeat Ratings reports. The brokerage currently has $9.00 price target on the insurance provider’s stock, up from their prior price target of $6.50.

Separately, Roth Mkm dropped their price target on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

MBIA Stock Down 0.3 %

Shares of NYSE:MBI opened at $6.58 on Monday. The company has a market cap of $335.93 million, a PE ratio of -0.58 and a beta of 1.41. MBIA has a fifty-two week low of $3.22 and a fifty-two week high of $14.37. The firm has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $4.62.

Insider Activity at MBIA

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total transaction of $59,310.00. Following the completion of the transaction, the director now owns 65,635 shares in the company, valued at approximately $432,534.65. The trade was a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MBIA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of MBIA by 26.6% during the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 2,090 shares during the period. Seelaus Asset Management LLC acquired a new position in shares of MBIA during the 3rd quarter valued at $45,000. Quantbot Technologies LP raised its stake in shares of MBIA by 476.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after buying an additional 11,784 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of MBIA in the second quarter valued at $83,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of MBIA by 19.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,587 shares during the period. 60.95% of the stock is currently owned by institutional investors.

About MBIA

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.