BlueCrest Capital Management Ltd purchased a new position in shares of MBIA Inc. (NYSE:MBI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 139,402 shares of the insurance provider’s stock, valued at approximately $1,020,000. BlueCrest Capital Management Ltd owned approximately 0.15% of MBIA as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MBI. State Street Corp grew its holdings in MBIA by 5.2% during the 2nd quarter. State Street Corp now owns 2,775,858 shares of the insurance provider’s stock worth $26,178,000 after acquiring an additional 137,124 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in MBIA by 7.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,849 shares of the insurance provider’s stock worth $159,000 after acquiring an additional 1,109 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of MBIA by 60.4% in the 3rd quarter. Nationwide Fund Advisors now owns 145,951 shares of the insurance provider’s stock valued at $1,270,000 after buying an additional 54,973 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of MBIA in the 3rd quarter valued at $444,000. Finally, Aperio Group LLC boosted its holdings in shares of MBIA by 40.4% in the 3rd quarter. Aperio Group LLC now owns 28,381 shares of the insurance provider’s stock valued at $247,000 after buying an additional 8,161 shares in the last quarter.
In related news, Director Joseph W. Brown bought 50,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $362,500.00. Following the acquisition, the director now owns 2,399,634 shares in the company, valued at approximately $17,397,346.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.11% of the company’s stock.
MBIA Inc. (MBI) opened at $8.65 on Wednesday. MBIA Inc. has a twelve month low of $6.04 and a twelve month high of $10.72. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $759.82, a price-to-earnings ratio of -0.68 and a beta of 2.15.
MBIA (NYSE:MBI) last issued its earnings results on Thursday, March 1st. The insurance provider reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($1.61). MBIA had a negative net margin of 370.67% and a negative return on equity of 19.69%. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $76.19 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s quarterly revenue was down 525.4% on a year-over-year basis.
MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.
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