MBIA Inc. (MBI) Trading Down 3.8%
MBIA Inc. (NYSE:MBI) fell 3.8% on Wednesday . The company traded as low as $7.91 and last traded at $7.92, with a volume of 573,277 shares changing hands. The stock had previously closed at $8.23.
Several equities research analysts have recently commented on MBI shares. BTIG Research restated a “buy” rating and issued a $13.00 price target on shares of MBIA in a report on Wednesday, May 11th. MKM Partners restated a “buy” rating on shares of MBIA in a report on Tuesday, May 10th. Finally, S&P Equity Research restated a “positive” rating on shares of MBIA in a report on Wednesday, June 15th.
The company has a 50-day moving average of $7.93 and a 200-day moving average of $7.68. The stock’s market capitalization is $1.08 billion.
MBIA (NYSE:MBI) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The firm earned $118 million during the quarter, compared to analysts’ expectations of $75.25 million. The company’s revenue for the quarter was down 51.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Equities research analysts forecast that MBIA Inc. will post $0.47 earnings per share for the current year.
An institutional investor recently raised its position in MBIA stock. Airain ltd boosted its position in shares of MBIA Inc. (NYSE:MBI) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,882 shares of the company’s stock after buying an additional 6,863 shares during the period. Airain ltd owned approximately 0.12% of MBIA worth $1,217,000 at the end of the most recent reporting 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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