MBIA (NYSE:MBI) Stock Passes Above Fifty Day Moving Average – Time to Sell?

MBIA Inc. (NYSE:MBI)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.37 and traded as high as $7.07. MBIA shares last traded at $6.85, with a volume of 236,232 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MBI shares. StockNews.com cut MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised shares of MBIA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $6.50 to $9.00 in a report on Monday, November 18th.

MBIA Stock Performance

The company has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $4.96. The stock has a market capitalization of $358.23 million, a price-to-earnings ratio of -0.62 and a beta of 1.62.

Insider Buying and Selling

In other MBIA news, Director Richard C. Vaughan sold 9,000 shares of MBIA stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $6.59, for a total value of $59,310.00. Following the completion of the sale, the director now directly owns 65,635 shares in the company, valued at approximately $432,534.65. The trade was a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Theodore Shasta sold 11,261 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.13, for a total value of $69,029.93. Following the transaction, the director now owns 71,364 shares in the company, valued at $437,461.32. The trade was a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,831 shares of company stock valued at $192,842 over the last ninety days. 12.58% of the stock is owned by company insiders.

Institutional Trading of MBIA

Several hedge funds have recently modified their holdings of the stock. TCW Group Inc. grew its holdings in MBIA by 76.3% in the third quarter. TCW Group Inc. now owns 460,800 shares of the insurance provider’s stock worth $1,645,000 after purchasing an additional 199,500 shares during the period. Barclays PLC grew its stake in shares of MBIA by 279.1% in the 3rd quarter. Barclays PLC now owns 58,406 shares of the insurance provider’s stock valued at $209,000 after buying an additional 42,998 shares during the period. GSA Capital Partners LLP increased its position in MBIA by 321.0% in the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock valued at $1,129,000 after buying an additional 241,116 shares in the last quarter. BNP Paribas Financial Markets raised its stake in MBIA by 26.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after buying an additional 2,090 shares during the period. Finally, State Street Corp boosted its holdings in MBIA by 3.6% in the third quarter. State Street Corp now owns 1,015,523 shares of the insurance provider’s stock worth $3,625,000 after acquiring an additional 35,104 shares in the last quarter. Institutional investors 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.