MBIA (NYSE:MBI) Stock Price Down 10.4%

MBIA Inc. (NYSE:MBIGet Rating) fell 10.4% during trading on Thursday . The company traded as low as $11.23 and last traded at $11.25. 8,210 shares changed hands during trading, a decline of 96% from the average session volume of 204,507 shares. The stock had previously closed at $12.55.

MBIA Trading Up 2.5 %

The stock has a 50-day moving average price of $12.72 and a 200 day moving average price of $13.50.

MBIA (NYSE:MBIGet Rating) last posted its quarterly earnings data on Monday, May 9th. The insurance provider reported ($1.94) earnings per share (EPS) for the quarter. The company had revenue of $40.00 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of MBIA by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 2,485,679 shares of the insurance provider’s stock worth $38,255,000 after acquiring an additional 65,720 shares during the period. Border to Coast Pensions Partnership Ltd boosted its stake in shares of MBIA by 3.6% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 2,314,950 shares of the insurance provider’s stock worth $26,987,381,000 after acquiring an additional 79,955 shares during the period. Wolf Hill Capital Management LP boosted its stake in shares of MBIA by 1.8% during the 4th quarter. Wolf Hill Capital Management LP now owns 1,149,207 shares of the insurance provider’s stock worth $18,146,000 after acquiring an additional 20,374 shares during the period. Valueworks LLC raised its holdings in MBIA by 1.5% in the 4th quarter. Valueworks LLC now owns 1,096,470 shares of the insurance provider’s stock valued at $17,313,000 after acquiring an additional 16,375 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in MBIA in the 1st quarter valued at $9,206,000. 69.64% of the stock is currently owned by institutional investors.

MBIA Company Profile

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MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.

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