MBIA Inc. (NYSE:MBI) CEO Joseph W. Brown sold 248,433 shares of MBIA stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $10.10, for a total transaction of $2,509,173.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of MBIA Inc. (NYSE:MBI) opened at 10.39 on Thursday. MBIA Inc. has a 52-week low of $5.26 and a 52-week high of $10.47. The firm has a 50-day moving average of $8.38 and a 200-day moving average of $7.79. The company has a market cap of $1.41 billion, a P/E ratio of 236.14 and a beta of 2.08.

MBIA (NYSE:MBI) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.08. MBIA had a net margin of 1.23% and a return on equity of 1.26%. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research analysts forecast that MBIA Inc. will post $0.44 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in MBI. Principal Financial Group Inc. increased its position in MBIA by 1.6% in the third quarter. Principal Financial Group Inc. now owns 17,869 shares of the company’s stock worth $139,000 after buying an additional 288 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in MBIA by 4.9% in the second quarter. Public Employees Retirement System of Ohio now owns 20,616 shares of the company’s stock worth $141,000 after buying an additional 971 shares in the last quarter. Teacher Retirement System of Texas increased its position in MBIA by 14.7% in the second quarter. Teacher Retirement System of Texas now owns 18,267 shares of the company’s stock worth $125,000 after buying an additional 2,342 shares in the last quarter. California State Teachers Retirement System increased its position in MBIA by 0.9% in the third quarter. California State Teachers Retirement System now owns 278,433 shares of the company’s stock worth $2,169,000 after buying an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers increased its position in MBIA by 1.5% in the third quarter. Rhumbline Advisers now owns 166,091 shares of the company’s stock worth $1,294,000 after buying an additional 2,520 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Separately, BTIG Research reaffirmed a “buy” rating and issued a $14.00 target price on shares of MBIA in a research report on Wednesday, September 7th.

MBIA Company Profile

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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