Morgan Stanley Lowers Stake in MBIA, Inc. (MBI)


AQR Capital Management LLC now owns 33,867 shares of the insurance provider's stock valued at $362,000 after buying an additional 8,840 shares during the period. NY increased its position in shares of MBIA by 1.8% in the first quarter. "(NYSE:MBI) Shares Bought by Geode Capital Management LLC" was first reported by BBNS and is the sole property of of BBNS. The value of the position overall is up by 7.9%.

Alliancebernstein L.P. added to its holdings by buying 4,700 shares an increase of 2.1% as of 06/30/2017. Princeton Alpha Management LP acquired a new position in MBIA during the first quarter worth approximately $135,000. As of the end of the quarter Teachers Advisors, LLC had acquired a total of 9,460 shares growing its position 4.3%. Creative Planning now owns 143,430 shares of the insurance provider's stock valued at $1,215,000 after buying an additional 142,565 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock. MBIA Inc. (MBI)'s RSI (Relative Strength Index) is 58.86.

WARNING: "MBIA, Inc. (NYSE:MBI) Rating Reiterated by BTIG Research" was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. Trading volume is an important technical indicator a shareholder uses to confirm a trend or trend reversal.

(NYSE:MBI). Morgan Stanley holds 0% of its portfolio in MBIA Inc. The Market Cap of the company is $1.27 Billion. As of the latest earnings report the EPS was $-2.52 and is expected to be $-1.01 for the current year with 125,822,000 shares now outstanding. The consensus mean EPS for the current quarter is at $0.05 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. The business had revenue of $72 million during the quarter, compared to analysts' expectations of $87.85 million. During the same period past year, the firm earned $0.12 EPS. The business's quarterly revenue was down 39.0% on a year-over-year basis.

MBIA Inc. (MBI) shows its Return on Assets (ROA) value of -2.9 percent, while the Return on Equity (ROE) value is -9.7 percent and Return on Investment (ROI) value stands at -1.3 percent. This buyback authorization permits the insurance provider to reacquire up to 21.7% of its shares through open market purchases. shares buyback plans are typically an indication that the firms management believes its shares is undervalued. Over the last three months, insiders bought 177,033 shares of company stock valued at $1,589,112.

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Deutsche Fincl Bank Ag owns 0.01% invested in MBIA Inc.

MBI has been the topic of a number of other research reports. BidaskClub raised shares of MBIA from a "strong sell" rating to a "sell" rating in a research note on Thursday, June 29th.

The average 12 month target price among brokers that have covered the stock in the a year ago is $11.83. Following the completion of the acquisition, the director now directly owns 132,073 shares of the company's stock, valued at $1,183,374.08. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

In other news, Director Charles R. Rinehart purchased 40,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The total value of its holdings increased 5.1%. The number of shares now owned by investors are 131.66 mln. The disclosure for this purchase can be found here. The last close places the company's stock about $3.85 off its 52 week high of $137.08 and $23.91 above the 52 week low of $109.32. This price movement gives investors an idea of how much the stock price has moved in the previous year and whether it is trading near the top, middle or bottom of the range.