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

MBIA Inc. (NYSE:MBI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MBI. StockNews.com lowered MBIA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.50 to $9.00 in a research note on Monday, November 18th.

MBIA Stock 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 company’s 50 day moving average price is $6.41 and its 200-day moving average price is $5.06.

Insiders Place Their Bets

In related news, Director Theodore Shasta sold 11,261 shares of MBIA 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 directly owns 71,364 shares of the company’s stock, valued at $437,461.32. The trade was a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard C. Vaughan sold 9,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $432,534.65. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,831 shares of company stock valued at $192,842. 12.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MBIA

Several hedge funds and other institutional investors have recently bought and sold shares of MBI. Wolf Hill Capital Management LP acquired a new stake in MBIA during the 4th quarter worth about $18,608,000. TCW Group Inc. boosted its position in shares of MBIA by 53.3% during the 4th quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider’s stock valued at $4,564,000 after purchasing an additional 245,760 shares in the last quarter. GSA Capital Partners LLP grew its stake 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 purchasing an additional 241,116 shares during the period. Freestone Capital Holdings LLC bought a new stake in MBIA in the fourth quarter worth approximately $1,159,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in MBIA in the fourth quarter valued at approximately $1,058,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About MBIA

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.