Paloma Partners Management Co Invests $632,000 in MBIA Inc. (MBI)
Paloma Partners Management Co bought a new stake in MBIA Inc. (NYSE:MBI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,312 shares of the insurance provider’s stock, valued at approximately $632,000. Paloma Partners Management Co owned 0.09% of MBIA at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of MBI. Nationwide Fund Advisors raised its stake in shares of MBIA by 60.4% in the third 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 during the period. First Trust Advisors LP bought a new stake in shares of MBIA during the 3rd quarter valued at $444,000. Aperio Group LLC raised its stake in shares of MBIA by 40.4% during the 3rd quarter. Aperio Group LLC now owns 28,381 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 8,161 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of MBIA by 176.7% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 95,085 shares of the insurance provider’s stock valued at $827,000 after purchasing an additional 60,720 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of MBIA by 472.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,034,395 shares of the insurance provider’s stock valued at $17,699,000 after purchasing an additional 1,679,114 shares during the period.
Shares of MBIA stock opened at $8.86 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 3.63. MBIA Inc. has a one year low of $6.04 and a one year high of $10.72.
A number of analysts recently issued reports on the company. ValuEngine lowered MBIA from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods assumed coverage on MBIA in a research note on Monday, February 5th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.50.
MBIA Company Profile
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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