SRS Capital Advisors Inc. Buys 2,985 Shares of MBIA Inc. (NYSE:MBI)

SRS Capital Advisors Inc. increased its position in shares of MBIA Inc. (NYSE:MBI) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,706 shares of the insurance provider’s stock after purchasing an additional 2,985 shares during the period. SRS Capital Advisors Inc.’s holdings in MBIA were worth $66,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in MBIA during the 3rd quarter worth $61,000. Diversified Trust Co raised its position in shares of MBIA by 19.1% in the fourth quarter. Diversified Trust Co now owns 14,141 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 2,271 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in shares of MBIA during the 3rd quarter worth about $109,000. Aigen Investment Management LP purchased a new stake in shares of MBIA during the 3rd quarter worth about $122,000. Finally, New York State Common Retirement Fund grew its position in shares of MBIA by 52.3% during the 4th quarter. New York State Common Retirement Fund now owns 21,351 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 7,333 shares during the period. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

MBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on MBIA from $9.00 to $7.50 and set a “market perform” rating on the stock in a report on Monday, April 1st. StockNews.com raised shares of MBIA to a “sell” rating in a report on Friday, February 23rd.

MBIA Price Performance

NYSE MBI opened at $6.38 on Friday. The stock’s 50 day simple moving average is $6.49 and its 200-day simple moving average is $7.12. The company has a market cap of $327.17 million, a PE ratio of -0.63 and a beta of 1.47. MBIA Inc. has a 1-year low of $5.21 and a 1-year high of $14.37.

MBIA (NYSE:MBI) last announced its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.20). The business had revenue of ($31.00) million during the quarter, compared to the consensus estimate of $32.00 million. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that MBIA Inc. will post -0.3 EPS for the current fiscal year.

MBIA Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates 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.