Theodore Shasta Sells 9,570 Shares of MBIA Inc. (NYSE:MBI) Stock

MBIA Inc. (NYSE:MBI) Director Theodore Shasta sold 9,570 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total transaction of $64,501.80. Following the completion of the transaction, the director now directly owns 61,794 shares in the company, valued at approximately $416,491.56. This represents a 13.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Theodore Shasta also recently made the following trade(s):

• On Monday, December 30th, Theodore Shasta sold 11,261 shares of MBIA stock. The shares were sold at an average price of $6.13, for a total transaction of $69,029.93.

MBIA Stock Performance

Shares of NYSE MBI traded up $0.21 during trading hours on Monday, hitting $7.04. 526,771 shares of the stock were exchanged, compared to its average volume of 487,256. The company has a market cap of $359.25 million, a PE ratio of -0.62 and a beta of 1.62. The company’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $4.75. MBIA Inc. has a 1-year low of $3.22 and a 1-year high of $7.16.

Wall Street Analysts Forecast Growth

MBI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of MBIA from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.50 to $9.00 in a research report on Monday, November 18th. StockNews.com upgraded shares of MBIA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th.

Institutional Trading of MBIA

A number of hedge funds have recently added to or reduced their stakes in MBI. BNP Paribas Financial Markets raised 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 last quarter. Quantbot Technologies LP raised its stake in shares of MBIA by 476.5% during the third quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 11,784 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of MBIA by 18.7% during the third quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider’s stock valued at $267,000 after acquiring an additional 11,811 shares during the last quarter. Seelaus Asset Management LLC bought a new position in shares of MBIA during the third quarter valued at $45,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MBIA by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,482 shares of the insurance provider’s stock valued at $1,373,000 after acquiring an additional 14,255 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

MBIA Company Profile

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.