MBIA, Inc. (NYSE:MBI) shares fell 1.5% during trading on Wednesday . The company traded as low as $8.64 and last traded at $9.28. 3,634,700 shares were traded during mid-day trading, an increase of 41% from the average session volume of 2,579,842 shares. The stock had previously closed at $9.14.

MBI has been the subject of a number of recent research reports. MKM Partners reiterated a “buy” rating on shares of MBIA in a research note on Thursday, October 5th. BTIG Research reiterated a “buy” rating and set a $14.00 price objective on shares of MBIA in a research note on Wednesday, September 6th. BidaskClub cut MBIA from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded MBIA from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. MBIA presently has an average rating of “Buy” and a consensus target price of $14.50.

The company has a debt-to-equity ratio of 1.94, a current ratio of 2.09 and a quick ratio of 2.09.

MBIA (NYSE:MBI) last announced its quarterly earnings data on Tuesday, November 7th. The insurance provider reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($1.01). The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $85.85 million. The company’s revenue was down 83.7% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS.

MBIA declared that its Board of Directors has initiated a share buyback plan on Tuesday, November 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

A number of large investors have recently made changes to their positions in the business. FrontFour Capital Group LLC bought a new stake in shares of MBIA in the 3rd quarter worth $1,585,000. Cubist Systematic Strategies LLC increased its holdings in shares of MBIA by 2,284.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 100,150 shares of the insurance provider’s stock worth $871,000 after purchasing an additional 95,950 shares in the last quarter. Valueworks LLC increased its holdings in shares of MBIA by 1.1% in the 3rd quarter. Valueworks LLC now owns 666,473 shares of the insurance provider’s stock worth $5,798,000 after purchasing an additional 7,213 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of MBIA in the 3rd quarter worth $7,938,000. Finally, Fine Capital Partners L.P. increased its holdings in shares of MBIA by 88.9% in the 3rd quarter. Fine Capital Partners L.P. now owns 8,726,432 shares of the insurance provider’s stock worth $75,920,000 after purchasing an additional 4,105,792 shares in the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

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About MBIA

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

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