Shares of MBIA Inc. (NYSE:MBI) shot up 3.7% on Monday . The stock traded as high as $7.38 and last traded at $7.35, with a volume of 723,334 shares trading hands. The stock had previously closed at $7.09.

Several brokerages have weighed in on MBI. BTIG Research reiterated a “buy” rating and issued a $14.00 price objective on shares of MBIA in a research report on Wednesday, June 22nd. MKM Partners reiterated a “buy” rating and issued a $12.00 price objective on shares of MBIA in a research report on Thursday, June 16th. S&P Equity Research reiterated a “positive” rating on shares of MBIA in a research report on Wednesday, June 15th. Finally, Keefe, Bruyette & Woods began coverage on MBIA in a research report on Monday, April 25th. They issued a “market perform” rating and a $8.50 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

The company’s 50-day moving average price is $6.97 and its 200 day moving average price is $7.30. The firm has a market capitalization of $1.01 billion and a P/E ratio of 39.62.

MBIA (NYSE:MBI) last issued its earnings results on Monday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company earned $32 million during the quarter, compared to the consensus estimate of $136.60 million. The company’s revenue for the quarter was down 85.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. Analysts expect that MBIA Inc. will post $0.45 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in MBIA by 416.3% in the fourth quarter. Marshall Wace LLP now owns 218,587 shares of the company’s stock valued at $1,416,000 after buying an additional 176,251 shares in the last quarter. Bank of Montreal Can boosted its position in MBIA by 75.2% in the fourth quarter. Bank of Montreal Can now owns 1,402,335 shares of the company’s stock valued at $9,087,000 after buying an additional 602,073 shares in the last quarter. OppenheimerFunds Inc. boosted its position in MBIA by 23.4% in the fourth quarter. OppenheimerFunds Inc. now owns 11,661,475 shares of the company’s stock valued at $75,566,000 after buying an additional 2,212,250 shares in the last quarter. California Public Employees Retirement System boosted its position in MBIA by 12.6% in the fourth quarter. California Public Employees Retirement System now owns 836,200 shares of the company’s stock valued at $5,419,000 after buying an additional 93,900 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in MBIA by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 252,119 shares of the company’s stock valued at $1,634,000 after buying an additional 4,010 shares in the last quarter.

MBIA Inc (MBIA) 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. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.

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