Shares of MBIA Inc. (NYSE:MBI) shot up 5.2% on Monday . The stock traded as high as $8.13 and last traded at $8.10, with a volume of 892,622 shares trading hands. The stock had previously closed at $7.70.

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

The company has a 50-day moving average price of $7.15 and a 200 day moving average price of $7.41. The firm has a market capitalization of $1.15 billion and a P/E ratio of 45.162.

MBIA (NYSE:MBI) last announced its quarterly earnings data 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. During the same period in the previous year, the company posted $0.37 earnings per share. The company had revenue of $32 million for the quarter, compared to the consensus estimate of $136.60 million. The company’s quarterly revenue was down 85.4% compared to the same quarter last year. On average, analysts forecast that MBIA Inc. will post $0.45 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Airain ltd boosted its stake in MBIA by 3.8% in the fourth quarter. Airain ltd now owns 187,882 shares of the company’s stock valued at $1,217,000 after buying an additional 6,863 shares during the period. Marshall Wace LLP boosted its stake 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 during the period. California State Teachers Retirement System boosted its stake 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 during the period. Russell Frank Co boosted its stake in 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. Finally, California Public Employees Retirement System boosted its stake 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 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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