MBIA Inc. (NYSE:MBI)

MBIA Inc

There has been some buying insider activity on MBIA Inc. The institutional investor owned 565,704 shares of the insurance provider's stock after selling 10,036,937 shares during the period. The value of the investment in MBIA Inc. went from $1,865,000 to $2,166,000 increasing 16.1% since the last quarter. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 4.65% in the stock. The value of the position overall is up by 18.9%.

Consequently MBIA Inc (NYSE:MBI)'s weekly and monthly volatility is 2.13%, 2.63% respectively. AQR Capital Management LLC now owns 33,867 shares of the insurance provider's stock valued at $362,000 after buying an additional 8,840 shares during the period. Its investment was worth $55,356,000 an increase of $6,436,000 as of quarter end. Finally, Karp Capital Management Corp acquired a new stake in MBIA during the first quarter worth $189,000.

MBIA Inc (NYSE:MBI)'s trailing twelve month revenues are $345 Million, whereas its price to sales ratio for the same period is 3.89. (NYSE:MBI) is down -0.87%, compared with a gain of almost 26.87% for 3 months and about 6.58% for the past 30 days. (NYSE:MBI) shares saw heavy trading volume with 2,900K shares changing hands on Friday. Investors measure stock performance on the basis of a company's earnings power.

MBIA (NYSE:MBI) last announced its quarterly earnings data on Tuesday, August 8th.

The company is expected to report earnings of $-1.41 a share for the next quarter. The business had revenue of $72 million during the quarter, compared to analysts' expectations of $87.85 million. Shares are now up +25.97% over the past year, outperforming the broad market by 116.42% and underperformed a peer group of similar companies by -11%.

MBIA Inc. (MBI) shows its Return on Assets (ROA) value of -2.9 percent, while the Return on Equity (ROE) value is -9.7 percent and Return on Investment (ROI) value stands at -1.3 percent. Ellington Mgmt Grp Inc Ltd Liability Co has invested 0.04% of its portfolio in MBIA Inc. For now, MBI is the toast of Wall Street as its ABR stands at 2.00 with 1 out of 3 analysts rating the stock a buy. If you are reading this story on another publication, it was illegally stolen and reposted in violation of US and global trademark & copyright law. The original version of this news story can be accessed at https://transcriptdaily.com/2017/08/11/mbia-mbi-receiving-somewhat-positive-press-coverage-analysis-finds-updated.html.

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Several brokerages recently issued reports on MBI. MKM Partners reiterated a "buy" rating and issued a $15.00 price objective on shares of MBIA in a research report on Friday.

MBIA (MBI) opened at 10.27 on Friday.

In other MBIA news, Director Steven J. Gilbert purchased 50,000 stocks of MBIA shares in a trade on early Mon, Jun 19th.

The average 12 month target price among brokers that have covered the stock in the previous year is $11.83. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were bought at an average cost of $8.86 per share, with a total value of $771,112.38. The Stocks were purchased at a mean average price of $8.96 for a share, amounting $448,000.00. after the closing of the bought, the director has an ownership of 132,073 stocks in the company, assessed at roughly $1,183,374.08. The disclosure for this purchase can be found here. For the current year the company's revenue estimates are $202.3 Million compared to low analyst estimates of $202.3 Million and high estimates of $202.3 Million according to the prediction of 1 analysts.

MBIA, Inc. has a 12 month low of $7.15 and a 12 month high of $11.65. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry.

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