The stock of MBIA Inc. (NYSE:MBI) is a huge mover today! About 604,166 shares traded hands. MBIA Inc. (NYSE:MBI) has risen 12.75% since April 18, 2016 and is uptrending. It has outperformed by 8.32% the S&P500.
The move comes after 6 months positive chart setup for the $1.27B company. It was reported on Nov, 18 by Barchart.com. We have $14.48 PT which if reached, will make NYSE:MBI worth $711.20M 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. On Tuesday, November 3 the stock rating was upgraded by M Partners to “Buy”. Wood initiated MBIA Inc. (NYSE:MBI) rating on Monday, April 25. Wood has “Market Perform” rating and $8.50 price target. The firm has “Sell” rating given on Friday, August 7 by TheStreet. M Partners maintained it with “Buy” rating and $12 target price in Thursday, June 16 report.
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 decreased to 0.74 in 2016 Q2. Its down 0.16, from 0.9 in 2016Q1. The ratio worsened, 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.
Ny State Common Retirement Fund accumulated 0% or 133,900 shares. Freestone Holdg Ltd Liability Corporation has 79,877 shares for 0.05% of their US portfolio. Blackrock Inc has 42,953 shares for 0% of their US portfolio. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 90,472 shares. Dimensional Fund Advsrs L P accumulated 11.54 million shares or 0.05% of the stock. Blackrock Advisors Ltd Liability Co has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Commerzbank Aktiengesellschaft Fi last reported 0% of its portfolio in the stock. Moreover, Neuberger Berman Gp Limited Liability Corporation has 0% invested in MBIA Inc. (NYSE:MBI) for 25,333 shares. Citigroup Inc accumulated 0% or 88,867 shares. Metropolitan Life holds 96,752 shares or 0% of its portfolio. Legal General Grp Pcl has 186,760 shares for 0% of their US portfolio. First Midwest Retail Bank Tru Division holds 0.08% or 94,502 shares in its portfolio. State Board Of Administration Of Florida Retirement holds 118,243 shares or 0% of its portfolio. Fifth Third Bank & Trust holds 0.01% or 93,887 shares in its portfolio. Principal Financial Group Inc Inc owns 17,581 shares or 0% of their US portfolio.
Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 1 insider sale for $24,632 net activity. On Thursday, August 11 VAUGHAN RICHARD C sold $24,632 worth of the stock or 3,000 shares.
More important recent MBIA Inc. (NYSE:MBI) news were published by: Moodys.com which released: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” on May 20, 2016, also Moodys.com published article titled: “Moody’s reviews MBIA UK Insurance Limited’s Ba2 IFS rating for upgrade …”, Businesswire.com published: “MBIA Inc. Reports First Quarter 2016 Financial Results” on May 09, 2016. More interesting news about MBIA Inc. (NYSE:MBI) was released by: Nasdaq.com and their article: “MBIA Inc. Profit Retreats 79% In Q3” with publication date: November 08, 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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