UBS Group AG Sells 390,176 Shares of MBIA, Inc. $MBI

UBS Group AG cut its holdings in shares of MBIA, Inc. (NYSE:MBI) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 636,230 shares of the insurance provider’s stock after selling 390,176 shares during the period. UBS Group AG owned about 1.26% of MBIA worth $4,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake 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 worth $4,528,000 after purchasing an additional 14,336 shares during the last quarter. Kahn Brothers Group Inc. bought a new position in shares of MBIA in the 3rd quarter valued at $7,672,000. Marshall Wace LLP lifted its stake in shares of MBIA by 184.1% in the 2nd quarter. Marshall Wace LLP now owns 416,964 shares of the insurance provider’s stock valued at $1,810,000 after acquiring an additional 270,192 shares during the last quarter. Whitebox Advisors LLC lifted its stake in shares of MBIA by 7.7% in the 2nd quarter. Whitebox Advisors LLC now owns 317,106 shares of the insurance provider’s stock valued at $1,376,000 after acquiring an additional 22,675 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of MBIA by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,847 shares of the insurance provider’s stock valued at $945,000 after acquiring an additional 18,233 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MBI has been the subject of a number of research reports. Wall Street Zen upgraded MBIA from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods dropped their price target on MBIA from $8.50 to $7.50 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of MBIA in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.50.

MBIA Stock Performance

Shares of MBI opened at $6.14 on Friday. MBIA, Inc. has a 52 week low of $4.11 and a 52 week high of $8.26. The stock has a market capitalization of $312.46 million, a price-to-earnings ratio of -1.98 and a beta of 1.67. The stock has a fifty day moving average of $5.95 and a 200-day moving average of $6.60.

MBIA (NYSE:MBI) last posted its quarterly earnings data 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 company had revenue of $24.00 million during the quarter, compared to analyst estimates of $5.80 million. As a group, equities analysts forecast that MBIA, Inc. will post -0.3 EPS for the current year.

MBIA Company 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.