MBIA Inc. (NYSE:MBI) was up 3.7% during mid-day trading on Monday . The company 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.

A number of equities research analysts have recently issued reports on MBI shares. BTIG Research restated a “buy” rating and set a $14.00 price target on shares of MBIA in a report on Wednesday, June 22nd. MKM Partners restated a “buy” rating on shares of MBIA in a report on Tuesday, May 10th. Keefe, Bruyette & Woods started coverage on shares of MBIA in a report on Monday, April 25th. They set a “market perform” rating and a $8.50 price target on the stock. Finally, S&P Equity Research restated a “positive” rating on shares of MBIA in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$11.50.

The firm’s 50-day moving average is $6.99 and its 200-day moving average is $7.32. The company has a market cap of $1.03 billion and a PE ratio of 40.54.

MBIA (NYSE:MBI) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. The business had revenue of $32 million for the quarter, compared to analysts’ expectations of $136.60 million. The company’s quarterly revenue was down 85.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. Equities research analysts expect that MBIA Inc. will post $0.45 earnings per share for the current year.

Other hedge funds and institutional investors have modified their holdings of the company. Russell Frank Co raised its position in shares of MBIA by 255.4% in the fourth quarter. Russell Frank Co now owns 423,368 shares of the company’s stock valued at $2,739,000 after buying an additional 304,228 shares during the period. OppenheimerFunds Inc. raised its position in shares of 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 during the period. California Public Employees Retirement System raised its position in shares of 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 during the period. Marshall Wace LLP raised its position in shares of 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 during the period. Finally, Bank of Montreal Can raised its position in shares of 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 during the period.

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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