MBIA (NYSE:MBI) Shares Cross Below 200 Day Moving Average – Should You Sell?

MBIA, Inc. (NYSE:MBI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.28 and traded as low as $6.26. MBIA shares last traded at $6.3150, with a volume of 340,579 shares.

Analyst Ratings Changes

MBI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of MBIA from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods dropped their price target on shares of MBIA from $8.50 to $7.50 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MBIA in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.50.

MBIA Trading Down 1.0%

The business has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.28. The stock has a market capitalization of $321.62 million, a P/E ratio of -2.04 and a beta of 1.62.

MBIA (NYSE:MBI) last announced its earnings results on Thursday, May 7th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $5.80 million. On average, sell-side analysts predict that MBIA, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of MBIA

A number of large investors have recently made changes to their positions in MBI. AQR Capital Management LLC bought a new stake in MBIA during the 1st quarter valued at about $120,000. Jane Street Group LLC grew its stake in MBIA by 463.0% in the 1st quarter. Jane Street Group LLC now owns 54,086 shares of the insurance provider’s stock worth $269,000 after acquiring an additional 68,986 shares in the last quarter. Geode Capital Management LLC grew its stake in MBIA by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,043,095 shares of the insurance provider’s stock worth $4,528,000 after acquiring an additional 14,336 shares in the last quarter. Rhumbline Advisers increased its position in shares of MBIA by 5.5% during the second quarter. Rhumbline Advisers now owns 69,789 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 3,626 shares during the period. Finally, Invesco Ltd. increased its position in shares of MBIA by 36.1% during the second quarter. Invesco Ltd. now owns 41,442 shares of the insurance provider’s stock worth $180,000 after acquiring an additional 10,989 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

About MBIA

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.