Breaking: Is MBIA Inc. a Buy? The Stock Rises Again

Breaking: Is MBIA Inc. a Buy? The Stock Rises Again

The stock of MBIA Inc. (NYSE:MBI) is a huge mover today! About 921,216 shares traded hands. MBIA Inc. (NYSE:MBI) has risen 20.43% since April 25, 2016 and is uptrending. It has outperformed by 14.42% the S&P500.
The move comes after 6 months positive chart setup for the $1.35 billion company. It was reported on Nov, 28 by Barchart.com. We have $10.80 PT which if reached, will make NYSE:MBI worth $108.00M more.

Analysts await MBIA Inc. (NYSE:MBI) to report earnings on March, 6.

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. Wood initiated MBIA Inc. (NYSE:MBI) on Monday, April 25 with “Market Perform” rating. The stock has “Sell” rating given by TheStreet on Friday, August 7. The firm has “Buy” rating by M Partners given on Tuesday, November 3. M Partners maintained the shares of MBI in a report on Thursday, June 16 with “Buy” rating.

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.
Walleye Trading Limited Liability Corporation holds 0% of its portfolio in MBIA Inc. (NYSE:MBI) for 11,320 shares. The New York-based Oppenheimer & Incorporated has invested 0.01% in MBIA Inc. (NYSE:MBI). Deutsche Bancorp Ag reported 134,635 shares or 0% of all its holdings. Checchi Advisers Llc has 0% invested in the company for 414 shares. Freestone Capital Limited Liability Corporation last reported 79,877 shares in the company. Blackrock Institutional Trust Na last reported 4.14M shares in the company. Quinn Opportunity Limited Liability Corp reported 244,302 shares or 0.65% of all its holdings. Airain reported 86,995 shares or 0.03% of all its holdings. Peak6 Investments Lp has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Bank Of America Corp De reported 10.73M shares or 0.02% of all its holdings. Nordea Invest Ab holds 942,950 shares or 0.02% of its portfolio. The Illinois-based Citadel Lc has invested 0% in MBIA Inc. (NYSE:MBI). The Tennessee-based State Of Tennessee Treasury Department has invested 0% in MBIA Inc. (NYSE:MBI). Vanguard Group last reported 0% of its portfolio in the stock. Elm Ridge Management Ltd Liability Com holds 5.75% of its portfolio in MBIA Inc. (NYSE:MBI) for 3.49M shares.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 insider sale for $24,632 net activity. 3,000 MBIA Inc. (NYSE:MBI) shares with value of $24,632 were sold by VAUGHAN RICHARD C.

More notable recent MBIA Inc. (NYSE:MBI) news were published by: Businesswire.com which released: “MBIA Inc. Announces Financing Commitment for MBIA Insurance Corporation” on November 28, 2016, also Moodys.com with their article: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance …” published on May 20, 2016, Seekingalpha.com published: “MBIA secures financing addressing January maturity on Zohar II notes” on November 28, 2016. More interesting news about MBIA Inc. (NYSE:MBI) were released by: Wsj.com and their article: “Lynn Tilton, Bond Insurer MBIA to Discuss Her Role with Zohar Funds” published on February 01, 2016 as well as Businesswire.com‘s news article titled: “MBIA Inc. Reports Second Quarter 2016 Financial Results” with publication date: August 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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