The stock of MBIA Inc. (NYSE:MBI) is a huge mover today! The stock increased 3.45% or $0.26 during the last trading session, hitting $7.79. About 1.51 million shares traded hands or 51.36% up from the average. MBIA Inc. (NYSE:MBI) has risen 12.22% since February 26, 2016 and is uptrending. It has outperformed by 1.80% the S&P500.
The move comes after 7 months positive chart setup for the $1.03 billion company. It was reported on Oct, 1 by Barchart.com. We have $12.23 PT which if reached, will make NYSE:MBI worth $587.10 million more.
Analysts await MBIA Inc. (NYSE:MBI) to report earnings on November, 2.
MBIA Inc. (NYSE:MBI) Ratings Coverage
Out of 3 analysts covering MBIA Inc (NYSE:MBI), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. MBIA Inc has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. M Partners upgraded the stock to “Buy” rating in Tuesday, November 3 report. The rating was downgraded by TheStreet to “Sell” on Friday, August 7. M Partners maintained it with “Buy” rating and $12 target price in Thursday, June 16 report. The rating was initiated by Wood on Monday, April 25 with “Market Perform”.
According to Zacks Investment Research, “MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Company’s wholly-owned subsidiary, MBIA Insurance Corporation.”
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.10, from 0.8 in 2016Q1. The ratio improved, as 25 funds sold all MBIA Inc. shares owned while 55 reduced positions. 27 funds bought stakes while 45 increased positions. They now own 115.87 million shares or 7.78% less from 125.65 million shares in 2016Q1.
California Public Employees Retirement has 1.04M shares for 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 3,338 shares or 0% of their US portfolio. Wells Fargo And Com Mn has 90,165 shares for 0% of their US portfolio. Great West Life Assurance Can accumulated 16,208 shares or 0% of the stock. Proshare Advsr Ltd Liability last reported 0% of its portfolio in the stock. The United Kingdom-based Gsa Cap Partners Llp has invested 0.03% in MBIA Inc. (NYSE:MBI). Art Advsrs Limited Liability Co holds 0.08% or 223,985 shares in its portfolio. Voya Investment Management Limited Co accumulated 0% or 53,979 shares. Creative Planning last reported 0% of its portfolio in the stock. Kahn Brothers Grp De last reported 4.36 million shares in the company. Nationwide Fund Advisors holds 0% or 108,101 shares in its portfolio. Ahl Partners Ltd Liability Partnership holds 0.02% of its portfolio in MBIA Inc. (NYSE:MBI) for 53,294 shares. Nomura Asset Mngmt Ltd accumulated 8,500 shares or 0% of the stock. Headinvest Lc holds 59,657 shares or 0.15% of its portfolio. Quantitative Mgmt Limited Liability Com accumulated 25,300 shares or 0.01% of the stock.
Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 insider sale for $24,632 net activity. $24,632 worth of shares were sold by VAUGHAN RICHARD C on Thursday, August 11.
More notable recent MBIA Inc. (NYSE:MBI) news were published by: Moodys.com which released: “Moody’s reviews MBIA UK Insurance Limited’s Ba2 IFS rating for upgrade …” on September 29, 2016, also Wsj.com with their article: “Lynn Tilton, Bond Insurer MBIA to Discuss Her Role with Zohar Funds” published on February 01, 2016, Businesswire.com published: “MBIA Inc. Reports Second Quarter 2016 Financial Results” on August 08, 2016. More interesting news about MBIA Inc. (NYSE:MBI) were released by: Moodys.com and their article: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” published on May 20, 2016 as well as Businesswire.com‘s news article titled: “MBIA Inc. Investor Conference Call to Discuss Second Quarter 2016 Financial …” with publication date: August 03, 2016.
MBI Company Profile
MBIA Inc. (MBIA), incorporated on November 12, 1986, is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. The Company’s divisions include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate. The U.S. public finance insurance segment’s primary activities are to generate new insurance business in National, consistent with its portfolio management and return requirements, and to maximize the economics of its existing insured portfolio through surveillance and remediation. The international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The corporate segment is operated through the Company and its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.