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Investor Stake Boosts Shares of MBIA, Mortgage Insurers

by: SA Editor Eli Hoffmann December 26, 2007 | about stocks: ABK / MBI / MTG / PMI

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Shares of bond insurer MBIA (MBI) are up more than 10% after Davis Selected Advisors disclosed a 5.1% passive stake in the firm. Davis Advisors also took a $1.2 billion stake in Merrill Lynch last week (Merrill Sells Up To $6.2B Stake at Discount).

Shares of Ambac (ABK), The PMI Group (PMI), and MGIC Investment (MTG) are also up on the news.

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Investor Stake Boosts Shares of MBIA, Mortgage Insurers

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Investor Stake Boosts Shares of MBIA, Mortgage Insurers

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