Stock Worth Watching: Time to Buy MBIA Inc. After Today’s Significant Increase?

Stock Worth Watching: Time to Buy MBIA Inc. After Today's Significant Increase?

The stock of MBIA Inc. (NYSE:MBI) is a huge mover today! About 859,355 shares traded hands. MBIA Inc. (NYSE:MBI) has declined 14.58% since April 4, 2016 and is downtrending. It has underperformed by 15.67% the S&P500.
The move comes after 7 months positive chart setup for the $994.19 million company. It was reported on Nov, 4 by Barchart.com. We have $10.77 PT which if reached, will make NYSE:MBI worth $447.39M more.

MBIA Inc. (NYSE:MBI) Ratings Coverage

Out of 3 analysts covering MBIA Inc (NYSE:MBI), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. MBIA Inc has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, November 3 by M Partners. TheStreet downgraded MBIA Inc. (NYSE:MBI) on Friday, August 7 to “Sell” rating. Wood initiated MBIA Inc. (NYSE:MBI) rating on Monday, April 25. Wood has “Market Perform” rating and $8.50 price target. M Partners maintained MBIA Inc. (NYSE:MBI) rating on Thursday, June 16. M Partners has “Buy” rating and $12 price target.

According to Zacks Investment Research, “MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Company’s wholly-owned subsidiary, MBIA Insurance Corporation.”

Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.10, from 0.8 in 2016Q1. The ratio improved, as 25 funds sold all MBIA Inc. shares owned while 55 reduced positions. 27 funds bought stakes while 45 increased positions. They now own 115.87 million shares or 7.78% less from 125.65 million shares in 2016Q1.
Schwab Charles Inv Management accumulated 892,269 shares or 0.01% of the stock. State Of Tennessee Treasury Department has 25,000 shares for 0% of their US portfolio. Oxford Asset owns 301,842 shares or 0.09% of their US portfolio. Glg Prtnrs L P accumulated 20,001 shares or 0% of the stock. Marshall Wace Ltd Liability Partnership holds 0.07% or 1.18 million shares in its portfolio. The New York-based Kahn Brothers Group De has invested 0.01% in MBIA Inc. (NYSE:MBI). Hbk Investments Limited Partnership owns 277,150 shares or 0.02% of their US portfolio. The New York-based Oppenheimer And Inc has invested 0.01% in MBIA Inc. (NYSE:MBI). Citadel Advsrs Ltd has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Paloma Partners accumulated 107,527 shares or 0.01% of the stock. Ellington Mngmt Ltd has 0.23% invested in the company for 24,600 shares. Moreover, Ameriprise Fincl Incorporated has 0% invested in MBIA Inc. (NYSE:MBI) for 495,147 shares. Federated Investors Pa accumulated 0% or 6,969 shares. Bridgeway Capital Management has 202,800 shares for 0.02% of their US portfolio. Schroder Mngmt Grp Incorporated holds 8,000 shares or 0% of its portfolio.

Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 1 insider sale for $24,632 net activity. VAUGHAN RICHARD C sold 3,000 shares worth $24,632.

More notable recent MBIA Inc. (NYSE:MBI) news were published by: Businesswire.com which released: “MBIA Inc. Investor Conference Call to Discuss Third Quarter 2016 Financial …” on November 02, 2016, also Moodys.com with their article: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” published on May 20, 2016, Businesswire.com published: “MBIA Inc. Announces New Share Repurchase Authorization” on October 28, 2015. More interesting news about MBIA Inc. (NYSE:MBI) were released by: Businesswire.com and their article: “Lois A. Scott Elected to MBIA Inc.’s Board of Directors” published on November 02, 2015 as well as Prnewswire.com‘s news article titled: “Insurance Stocks on Investors’ Radar — Hartford Financial Services …” with publication date: November 04, 2016.

MBI Company Profile

MBIA Inc. (MBIA), incorporated on November 12, 1986, 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. The Company’s divisions include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate. The U.S. public finance insurance segment’s primary activities are to generate new insurance business in National, consistent with its portfolio management and return requirements, and to maximize the economics of its existing insured portfolio through surveillance and remediation. The international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The corporate segment is operated through the Company and its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services).

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