MBIA Inc. (MBI) Position Maintained by Headinvest LLC
Headinvest LLC maintained its position in shares of MBIA Inc. (NYSE:MBI) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 59,657 shares of the company’s stock at the end of the second quarter. Headinvest LLC’s holdings in MBIA were worth $407,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB increased its position in shares of MBIA by 107.5% in the second quarter. Nordea Investment Management AB now owns 942,950 shares of the company’s stock valued at $6,440,000 after buying an additional 488,560 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of MBIA by 100.0% in the second quarter. BNP Paribas Arbitrage SA now owns 38,326 shares of the company’s stock valued at $262,000 after buying an additional 19,166 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of MBIA during the first quarter valued at approximately $176,000. Metropolitan Life Insurance Co. NY increased its position in shares of MBIA by 6.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 97,557 shares of the company’s stock valued at $863,000 after buying an additional 5,935 shares during the period. Finally, HBK Investments L P purchased a new position in shares of MBIA during the first quarter valued at approximately $526,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
MBIA Inc. (NYSE:MBI) traded up 1.66% during trading on Thursday, reaching $7.94. 858,838 shares of the company were exchanged. MBIA Inc. has a 1-year low of $5.26 and a 1-year high of $9.49. The stock’s market capitalization is $1.08 billion. The company’s 50-day moving average price is $8.02 and its 200-day moving average price is $7.82.
MBIA (NYSE:MBI) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $118 million for the quarter, compared to the consensus estimate of $75.25 million. MBIA had a negative net margin of 10.76% and a positive return on equity of 1.77%. MBIA’s revenue for the quarter was down 51.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities analysts forecast that MBIA Inc. will post $0.47 EPS for the current year.
Several equities analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $14.00 price objective on shares of MBIA in a research note on Wednesday, September 7th. MKM Partners reaffirmed a “buy” rating and set a $12.00 price objective on shares of MBIA in a research note on Thursday, June 16th. Finally, S&P Equity Research reaffirmed a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th.
MBIA Inc (MBIA) is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.
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