MBIA Inc. (NYSE:MBI) has been given an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price target of $10.25 for the company, according to Zacks. Zacks has also given MBIA an industry rank of 78 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on MBI shares. S&P Equity Research reissued a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th. MKM Partners reissued a “buy” rating and issued a $12.00 target price on shares of MBIA in a research note on Thursday, June 16th. Finally, BTIG Research reissued a “buy” rating and issued a $14.00 target price on shares of MBIA in a research note on Wednesday, June 22nd.
Shares of MBIA (NYSE:MBI) traded down 0.7563% during midday trading on Friday, hitting $7.8601. The company had a trading volume of 122,697 shares. MBIA has a 12-month low of $5.26 and a 12-month high of $9.49. The firm’s 50-day moving average is $7.87 and its 200-day moving average is $7.72. The firm’s market capitalization is $1.07 billion.
MBIA (NYSE:MBI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $118 million for the quarter, compared to analysts’ expectations of $75.25 million. MBIA had a positive return on equity of 1.77% and a negative net margin of 10.76%. The firm’s quarterly revenue was down 51.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. On average, analysts predict that MBIA will post $0.47 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in MBIA by 413.1% in the first quarter. JPMorgan Chase & Co. now owns 1,649,026 shares of the company’s stock worth $14,595,000 after buying an additional 1,327,654 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in MBIA during the second quarter worth about $8,800,000. Old Mutual Global Investors UK Ltd. increased its position in MBIA by 277.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,596,843 shares of the company’s stock worth $10,906,000 after buying an additional 1,173,535 shares during the last quarter. Bogle Investment Management L P DE increased its position in MBIA by 395.4% in the first quarter. Bogle Investment Management L P DE now owns 1,385,237 shares of the company’s stock worth $12,259,000 after buying an additional 1,105,621 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in MBIA by 22.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,143,128 shares of the company’s stock worth $28,298,000 after buying an additional 770,435 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.
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.