MBIA (NYSE:MBI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of MBIA Inc. (NYSE:MBI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.06 and traded as high as $7.38. MBIA shares last traded at $7.22, with a volume of 252,297 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised 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. StockNews.com lowered MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th.

MBIA Trading Up 0.7 %

The business has a 50-day moving average price of $6.41 and a two-hundred day moving average price of $5.06.

Insider Buying and Selling

In other news, Director Theodore Shasta sold 9,570 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $6.74, for a total value of $64,501.80. Following the completion of the sale, the director now owns 61,794 shares of the company’s stock, valued at approximately $416,491.56. This represents a 13.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 of the company’s stock, valued at approximately $432,534.65. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,831 shares of company stock worth $192,842 in the last ninety days. 12.58% of the stock is owned by insiders.

Institutional Investors Weigh In On MBIA

Institutional investors and hedge funds have recently made changes to their positions in the stock. TCW Group Inc. grew its stake in MBIA by 76.3% during 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 lifted its holdings in shares of MBIA by 279.1% in the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider’s stock valued at $209,000 after purchasing an additional 42,998 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in MBIA by 321.0% during the third quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 241,116 shares during the period. BNP Paribas Financial Markets lifted its holdings in MBIA by 26.6% during the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 2,090 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in MBIA by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,482 shares of the insurance provider’s stock worth $1,373,000 after acquiring an additional 14,255 shares during the period. 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.