The stock of MBIA Inc. (NYSE:MBI) is a huge mover today! About 1.14 million shares traded hands or 9.62% up from the average. MBIA Inc. (NYSE:MBI) has risen 7.79% since April 8, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
The move comes after 6 months positive chart setup for the $1.28B company. It was reported on Nov, 10 by Barchart.com. We have $10.81 PT which if reached, will make NYSE:MBI worth $281.60M more.
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. As per Tuesday, November 3, the company rating was upgraded by M Partners. The company was initiated on Monday, April 25 by Wood. M Partners maintained the stock with “Buy” rating in Thursday, June 16 report. As per Friday, August 7, the company rating was downgraded by TheStreet.
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 Q2 2016. Its up 0.10, from 0.8 in 2016Q1. The ratio is positive, 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.
Incorporated accumulated 0% or 75,752 shares. Jpmorgan Chase And has 0% invested in the company for 1.86M shares. Ifc Inc Fl has invested 0.01% of its portfolio in MBIA Inc. (NYSE:MBI). First Manhattan accumulated 32,125 shares or 0% of the stock. Alpine Invest Management Ltd Liability Co owns 51,600 shares or 0.03% of their US portfolio. Art Advsrs Ltd has invested 0.08% of its portfolio in MBIA Inc. (NYSE:MBI). Nomura Asset Mngmt Company has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Blackrock has 0% invested in the company for 42,953 shares. Capstone Advisors Llc last reported 0% of its portfolio in the stock. Department Mb Fin Bank & Trust N A has 0% invested in the company for 219 shares. Bancorp Of America Corp De, a North Carolina-based fund reported 10.73M shares. Paloma Partners Company has 0.01% invested in the company for 107,527 shares. Livingston Grp Asset (Operating As Southport Cap Management) has 0.02% invested in the company for 4,770 shares. Blackrock Institutional Trust Na accumulated 0% or 4.14 million shares. Ubs Asset Mgmt Americas accumulated 134,480 shares or 0% of the stock.
Insider Transactions: Since August 11, 2016, the stock had 0 buys, and 1 sale for $24,632 net activity. Another trade for 3,000 shares valued at $24,632 was made by VAUGHAN RICHARD C on Thursday, August 11.
More recent MBIA Inc. (NYSE:MBI) news were published by: Businesswire.com which released: “MBIA Inc. Reports Third Quarter 2016 Financial Results” on November 08, 2016. Also Rttnews.com published the news titled: “MBIA Inc. Profit Retreats 79% In Q3” on November 08, 2016. Moodys.com‘s news article titled: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” with publication date: May 20, 2016 was also an interesting one.
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).
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