MBIA Inc. (MBI) Stock Price Down 3.8%
MBIA Inc. (NYSE:MBI) dropped 3.8% during trading on Wednesday . The company traded as low as $7.91 and last traded at $7.92, with a volume of 573,277 shares. The stock had previously closed at $8.23.
MBI has been the topic of a number of recent analyst reports. MKM Partners restated a “buy” rating on shares of MBIA in a research note on Tuesday, May 10th. BTIG Research restated a “buy” rating and set a $13.00 target price on shares of MBIA in a research note on Wednesday, May 11th. Finally, S&P Equity Research restated a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th.
The company’s market cap is $1.08 billion. The stock’s 50 day moving average is $7.99 and its 200-day moving average is $7.68.
MBIA (NYSE:MBI) last announced its earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $118 million for the quarter, compared to analyst estimates of $75.25 million. The company’s quarterly revenue was down 51.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities analysts expect that MBIA Inc. will post $0.47 EPS for the current year.
A hedge fund recently raised its stake in MBIA stock. Marshall Wace LLP raised its stake in MBIA Inc. (NYSE:MBI) by 416.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,587 shares of the company’s stock after buying an additional 176,251 shares during the period. Marshall Wace LLP owned approximately 0.14% of MBIA worth $1,416,000 as of its most recent filing with the SEC.
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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