MBIA (NYSE:MBI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

MBIA Inc. (NYSE:MBI) passed 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 changing hands.

Wall Street Analysts Forecast Growth

MBI has been the subject of a number of research reports. Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $6.50 to $9.00 in a report on Monday, November 18th. StockNews.com cut shares of MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.

MBIA Trading Up 0.7 %

The stock has a market cap of $368.49 million, a P/E ratio of -0.64 and a beta of 1.62. The stock has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $5.06.

Insider Buying and Selling

In other MBIA news, 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 transaction of $59,310.00. Following the sale, the director now directly owns 65,635 shares in the company, valued at $432,534.65. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore Shasta sold 9,570 shares of the business’s stock in a transaction that occurred on 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 owns 61,794 shares of the company’s stock, valued at $416,491.56. The trade was a 13.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,831 shares of company stock worth $192,842. Company insiders own 12.58% of the company’s stock.

Institutional Investors Weigh In On MBIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBI. Wolf Hill Capital Management LP acquired a new position in shares of MBIA during the 4th quarter worth $18,608,000. TCW Group Inc. raised its stake in MBIA by 53.3% during the fourth quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider’s stock worth $4,564,000 after acquiring an additional 245,760 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of MBIA by 321.0% in 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 last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of MBIA in the 4th quarter valued at approximately $1,159,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of MBIA during the 4th quarter valued at approximately $1,058,000. 60.95% of the stock is currently owned by institutional investors.

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.