MBIA Inc. (NYSE:MBI) shares fell 1.6% on Thursday . The stock traded as low as $7.38 and last traded at $7.41, with a volume of 951,046 shares traded. The stock had previously closed at $7.53.

A number of research firms have weighed in on MBI. Keefe, Bruyette & Woods began coverage on shares of MBIA in a research note on Monday, April 25th. They issued a “market perform” rating and a $8.50 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $13.00 target price on shares of MBIA in a research note on Wednesday, May 11th. MKM Partners reiterated a “buy” rating on shares of MBIA in a research note on Tuesday, May 10th. Finally, S&P Equity Research reiterated a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$11.50.

The company’s 50 day moving average price is $7.00 and its 200 day moving average price is $7.32. The firm has a market cap of $1.03 billion and a P/E ratio of 40.43.

MBIA (NYSE:MBI) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $32 million for the quarter, compared to the consensus estimate of $136.60 million. MBIA’s quarterly revenue was down 85.4% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. On average, equities analysts predict that MBIA Inc. will post $0.45 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have modified their holdings of the company. 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 last quarter. California State Teachers Retirement System raised its position in shares of 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 during the last quarter. 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 last quarter. 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 last quarter. 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 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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