Mount Vernon Associates Inc. MD maintained its position in MBIA Inc. (NYSE:MBI) during the second quarter, Holdings Channel reports. The fund owned 51,800 shares of the company’s stock at the end of the second quarter. Mount Vernon Associates Inc. MD’s holdings in MBIA were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of MBIA by 413.1% in the first quarter. JPMorgan Chase & Co. now owns 1,649,026 shares of the company’s stock worth $14,595,000 after buying an additional 1,327,654 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of MBIA by 277.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,596,843 shares of the company’s stock worth $10,906,000 after buying an additional 1,173,535 shares during the last quarter. Bogle Investment Management L P DE boosted its position in shares of MBIA by 395.4% in the first quarter. Bogle Investment Management L P DE now owns 1,385,237 shares of the company’s stock worth $12,259,000 after buying an additional 1,105,621 shares during the last quarter. Nordea Investment Management AB boosted 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 worth $6,440,000 after buying an additional 488,560 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of MBIA by 344.9% in the first quarter. Quadrature Capital Ltd now owns 211,332 shares of the company’s stock worth $1,873,000 after buying an additional 163,835 shares during the last quarter. 91.49% of the stock is owned by hedge funds and other institutional investors.

MBIA Inc. (NYSE:MBI) traded up 1.06% during midday trading on Monday, reaching $7.61. The company had a trading volume of 1,048,459 shares. MBIA Inc. has a 12 month low of $5.26 and a 12 month high of $9.49. The stock’s market cap is $1.03 billion. The firm has a 50-day moving average of $8.06 and a 200-day moving average of $7.83.

MBIA (NYSE:MBI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. MBIA had a positive return on equity of 1.77% and a negative net margin of 10.76%. The business earned $118 million during the quarter, compared to analysts’ expectations of $75.25 million. During the same quarter last year, the company posted $0.11 earnings per share. MBIA’s quarterly revenue was down 51.8% on a year-over-year basis. On average, equities analysts expect that MBIA Inc. will post $0.47 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on MBI shares. BTIG Research reissued a “buy” rating and issued a $14.00 target price on shares of MBIA in a report on Wednesday, September 7th. MKM Partners reissued a “buy” rating and issued a $12.00 target price on shares of MBIA in a report on Thursday, June 16th. Finally, S&P Equity Research reissued a “positive” rating on shares of MBIA in a report on Wednesday, June 15th.

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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