Sunday 1 July 2018

Mbia (MBI) Holding Boosted by Lombard Odier Asset Management Usa Corp; As White Mtns Ins Group LTD (WTM) Shares Rose, Pax World Management Has Lowered Its Stake by $657,600

Lombard Odier Asset Management Usa Corp increased its stake in Mbia Inc (MBI) by 50.19% based on its latest 2018Q1 regulatory filing with the SEC. Lombard Odier Asset Management Usa Corp bought 54,861 shares as the company’s stock rose 4.88% while stock markets declined. The institutional investor held 164,161 shares of the finance company at the end of 2018Q1, valued at $1.52 million, up from 109,300 at the end of the previous reported quarter. Lombard Odier Asset Management Usa Corp who had been investing in Mbia Inc for a number of months, seems to be bullish on the $817.05M market cap company. The stock increased 0.44% or $0.04 during the last trading session, reaching $9.03. About 6,801 shares traded. MBIA Inc. (NYSE:MBI) has risen 6.18% since June 29, 2017 and is uptrending. It has underperformed by 6.39% the S&P500. Some Historical MBI News: 30/04/2018 – The Zohar Funds, Lynn Tilton, MBIA, and the Zohar III Noteholders Announce Resolution to Stay Litigation, Refinance and Monetiz; 15/05/2018 – Davidson Kempner Capital Mgmt Buys New 1.6% Position in MBIA; 21/05/2018 – LYNN TILTON AND MBIA WIN COURT APPROVAL OF ZOHAR SETTLEMENT; 09/05/2018 – MBIA 1Q Rev $73M; 09/05/2018 – MBIA Book Value/Share $13.97 at March 31; 21/05/2018 – TILTON AND MBIA INSURANCE CAN KEEP SOME TERMS UNDER SEAL; 09/05/2018 – MBIA 1Q Adj Loss/Shr 69c; 28/03/2018 – MBIA FILES CEO BILL FALLON’S LETTER TO OWNERS WITH SEC; 07/05/2018 – MBIA HOLDERS BACK ADOPTION OF AMENDMENT TO BY-LAW; 01/05/2018 – MBIA Gives Lynn Tilton 15 Months to Pay Zohar Debt in Bankruptcy

Pax World Management Llc decreased its stake in White Mtns Ins Group Ltd (WTM) by 2.31% based on its latest 2018Q1 regulatory filing with the SEC. Pax World Management Llc sold 800 shares as the company’s stock rose 12.01% while stock markets declined. The institutional investor held 33,829 shares of the finance company at the end of 2018Q1, valued at $27.83 million, down from 34,629 at the end of the previous reported quarter. Pax World Management Llc who had been investing in White Mtns Ins Group Ltd for a number of months, seems to be less bullish one the $2.83B market cap company. The stock increased 0.06% or $0.525 during the last trading session, reaching $901.505. About 378 shares traded. White Mountains Insurance Group, Ltd. (NYSE:WTM) has risen 3.75% since June 29, 2017 and is uptrending. It has underperformed by 8.82% the S&P500. Some Historical WTM News: 16/04/2018 – BUILD AMERICA MUTUAL – EXPANDING CLAIMS-PAYING RESOURCES BY $100 MLN THROUGH COLLATERALIZED REINSURANCE AGREEMENT WITH FIDUS RE; 02/05/2018 – WHITE MOUNTAINS 1Q ADJ BOOK VALUE/SHR $903; 08/05/2018 – White Mountains Announces Preliminary Results Of Its Tender Offer; 16/04/2018 – BAM Announces Agreement to Expand Claims-Paying Resources by $100 Million; 02/05/2018 – White Mountains Insurance 1Q Rev $42.1M; 11/05/2018 – White Mountains Announces Final Results Of Its Tender Offer; 17/04/2018 – FTC: 20181058: White Mountains Insurance Group, Ltd.; ABRY Partners VIII, L.P; 02/04/2018 – WHITE MOUNTAINS INSURANCE GROUP LTD – TRANSACTION VALUES NSM AT APPROXIMATELY $388 MLN; 02/04/2018 – White Mountains Insurance: Transaction Values NSM at $388; 24/04/2018 – MediaAlpha Releases New Study from Leading Independent Research Firm on The State of Performance Marketing

Among 5 analysts covering MBIA Inc (NYSE:MBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. MBIA Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, November 3 by M Partners. As per Wednesday, November 8, the company rating was maintained by BTIG Research. The stock of MBIA Inc. (NYSE:MBI) has “Market Perform” rating given on Monday, April 25 by Wood. The firm has “Buy” rating by BTIG Research given on Friday, May 26. On Wednesday, July 12 the stock rating was maintained by BTIG Research with “Buy”. The rating was downgraded by TheStreet to “Sell” on Friday, August 7. The stock of MBIA Inc. (NYSE:MBI) has “Hold” rating given on Monday, February 5 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, June 16 by M Partners.

Another recent and important MBIA Inc. (NYSE:MBI) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows USA Technologies, MBIA, Blue Apron, Dunkin’ Brands Group, Huntington Bancshares, and …” on June 27, 2018.

Lombard Odier Asset Management Usa Corp, which manages about $3.79 billion and $1.39B US Long portfolio, decreased its stake in Assured Guaranty Ltd (NYSE:AGO) by 86,579 shares to 155,397 shares, valued at $5.63 million in 2018Q1, according to the filing. It also reduced its holding in Golar Lng Ltd Bermuda (Call) (NASDAQ:GLNG) by 88,100 shares in the quarter, leaving it with 72,000 shares, and cut its stake in Whirlpool Corp (NYSE:WHR).

Investors sentiment decreased to 0.49 in 2018 Q1. Its down 0.20, from 0.69 in 2017Q4. It worsened, as 36 investors sold MBI shares while 57 reduced holdings. 19 funds opened positions while 27 raised stakes. 91.49 million shares or 8.24% less from 99.70 million shares in 2017Q4 were reported. Jefferies Gru Lc reported 0.02% in MBIA Inc. (NYSE:MBI). Envestnet Asset reported 12,447 shares. Ejf Capital Ltd Liability Company stated it has 0.01% in MBIA Inc. (NYSE:MBI). Northern Tru Corp reported 0% of its portfolio in MBIA Inc. (NYSE:MBI). Virginia Retirement Systems Et Al has 15,000 shares for 0% of their portfolio. 96,721 are held by North Star Asset Mgmt. Shine Inv Advisory stated it has 0.02% of its portfolio in MBIA Inc. (NYSE:MBI). First Manhattan has 32,125 shares. Mount Vernon Assoc Incorporated Md has 0.49% invested in MBIA Inc. (NYSE:MBI). Millennium Lc, New York-based fund reported 310,845 shares. Lombard Odier Asset Mngmt (Usa) holds 0.11% or 164,161 shares. 598,611 are owned by Goldman Sachs Gru Incorporated. Moreover, Schwab Charles Investment Mgmt has 0.01% invested in MBIA Inc. (NYSE:MBI) for 1.08M shares. Teacher Retirement Of Texas invested in 0% or 19,413 shares. Quantbot Technologies Limited Partnership holds 0% or 5,918 shares.

Investors sentiment increased to 1.36 in 2018 Q1. Its up 0.35, from 1.01 in 2017Q4. It is positive, as 6 investors sold WTM shares while 61 reduced holdings. 27 funds opened positions while 64 raised stakes. 3.08 million shares or 1.33% more from 3.04 million shares in 2017Q4 were reported. Signaturefd Ltd Liability Com invested in 135 shares or 0.01% of the stock. 765 were reported by Envestnet Asset Inc. Bluecrest Capital Management Ltd reported 598 shares. First Personal Fincl has invested 0% of its portfolio in White Mountains Insurance Group, Ltd. (NYSE:WTM). Martingale Asset LP has 0.17% invested in White Mountains Insurance Group, Ltd. (NYSE:WTM) for 15,824 shares. Jpmorgan Chase And Com holds 0% of its portfolio in White Mountains Insurance Group, Ltd. (NYSE:WTM) for 36 shares. Reinhart Ptnrs invested in 40,713 shares or 3.45% of the stock. Schaller Investment Gp stated it has 1,400 shares or 0.66% of all its holdings. The Pennsylvania-based Susquehanna Gp Llp has invested 0% in White Mountains Insurance Group, Ltd. (NYSE:WTM). Klingenstein Fields And holds 0.02% or 788 shares. Deutsche Bank & Trust Ag reported 1,623 shares. Aperio Group Inc Llc stated it has 0.05% of its portfolio in White Mountains Insurance Group, Ltd. (NYSE:WTM). Proshare Advsrs holds 0% of its portfolio in White Mountains Insurance Group, Ltd. (NYSE:WTM) for 524 shares. Tudor Et Al invested in 1,378 shares or 0.04% of the stock. Franklin Res stated it has 250 shares.

More recent White Mountains Insurance Group, Ltd. (NYSE:WTM) news were published by: Seekingalpha.com which released: “Stocks To Watch: Eyes On Apple’s WWDC, SCOTUS And DC” on June 02, 2018. Also Businesswire.com published the news titled: “Build America Mutual Announces S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook” on June 25, 2018. Fool.com‘s news article titled: “White Mountains Insurance’s Investment Portfolio — Is This a Mini-Berkshire?” with publication date: June 20, 2018 was also an interesting one.

Pax World Management Llc, which manages about $3.21B and $1.73 billion US Long portfolio, upped its stake in Macys Inc (NYSE:M) by 86,249 shares to 122,935 shares, valued at $3.66 million in 2018Q1, according to the filing. It also increased its holding in Kellogg Co (NYSE:K) by 10,830 shares in the quarter, for a total of 64,967 shares, and has risen its stake in Klx Inc.

Analysts await White Mountains Insurance Group, Ltd. (NYSE:WTM) to report earnings on August, 3. They expect $0.13 earnings per share, down 95.32% or $2.65 from last year’s $2.78 per share. WTM’s profit will be $407,807 for 1733.66 P/E if the $0.13 EPS becomes a reality. After $-1.42 actual earnings per share reported by White Mountains Insurance Group, Ltd. for the previous quarter, Wall Street now forecasts -109.15% EPS growth.

MBIA Inc. (NYSE:MBI) Institutional Positions Chart

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