Which insiders are buying MBIA Inc. (MBI)?

MBIA Inc. (NYSE:MBI) marched up -0.21% compared to a 52-week low price of $7.11. The shares were last seen trading -4.93% lower, taking the closing price at $7.13 on 10/11/2017. At recent session, the prices were hovering between $7.11 and $7.54. This company shares are 77.98% off its target price of $12.69 and the current market capitalization stands at $933.46M. The recent change has given its price a -26.64% deficit over SMA 50 and -38.8% deficit over its 52-week high. The stock witnessed -31.44% declines, -28.63% declines and -20.6% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MBI’s volatility during a week at 5.15% and during a month it has been found around 4.8%.

MBIA Inc. (MBI) Top Holders

Institutional investors currently hold around $873 million or 93.9% in MBI stock. Look at its top three institutional owners. Dimensional Fund Advisors Lp owns $85.88 million in MBIA Inc., which represents roughly 9.2% of the company’s market cap and approximately 9.84% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,387,876 shares of the stock are valued at $77.91 million. The third largest holder is Blackrock Inc., which currently holds $66.86 million worth of this stock and that ownership represents nearly 7.16% of its market capitalization.

MBIA Inc. 13F Filings

At the end of June reporting period, 66 institutional holders increased their position in MBIA Inc. (NYSE:MBI) by some 10,213,451 shares, 95 decreased positions by 10,826,735 and 26 held positions by 95,317,847. That puts total institutional holdings at 116,358,033 shares, according to SEC filings. The stock grabbed 21 new institutional investments totaling 2,592,893 shares while 37 institutional investors sold out their entire positions totaling 6,155,947 shares.

MBIA Inc. (NYSE:MBI) Insider Trades

Multiple company employees have indulged in significant insider trading. MBIA Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Shasta Theodore has acquired 20,000 shares of MBIA Inc. (MBI) in trading session dated Aug. 15, 2017. These shares are worth $208,200 and were traded at $10.41 each. The SEC filing shows that Shasta Theodore performed a sale of 13,967 shares. The Director disposed these shares by way of transaction on Aug. 11, 2017. The company’s shares were given away at $10.3 per share worth to an income of some $143,860 on account of Shasta Theodore.

Director, Rinehart Charles R, purchased 40,000 common shares of MBIA Inc. (MBI) in the open market. In a transaction dated Jun. 28, 2017, the shares were bought at an average price of $9.25, giving away a sum of $370,000. After this purchase, 212,592 common shares of MBI are directly owned by the insider, with total stake valued at $1,515,781.

In the transaction dated Jun. 21, 2017, the great number of shares acquired came courtesy the Director; Gilbert Steven J added a total of 87,033 shares at an average price of $8.86, amounting to approximately $771,112. The insider now directly owns 169,106 shares worth $1,205,726.

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