MBIA (NYSE:MBI) Price Target Lowered to $7.50 at Keefe, Bruyette & Woods

MBIA (NYSE:MBI) had its price objective trimmed by Keefe, Bruyette & Woods from $9.00 to $7.50 in a report published on Monday morning, Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

Other equities research analysts have also issued research reports about the company. Roth Mkm reduced their target price on MBIA from $15.00 to $7.00 and set a neutral rating on the stock in a research note on Tuesday, December 19th. Roth Capital lowered MBIA from a buy rating to a neutral rating in a research note on Friday, December 8th. Finally, StockNews.com raised MBIA to a sell rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $9.50.

MBIA Price Performance

MBI opened at $6.69 on Monday. The stock has a market cap of $343.04 million, a P/E ratio of -0.66 and a beta of 1.46. The stock’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $7.25. MBIA has a 1-year low of $5.21 and a 1-year high of $14.37.

MBIA (NYSE:MBI) last posted its earnings results on Wednesday, February 28th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.20). The company had revenue of ($31.00) million during the quarter, compared to analysts’ expectations of $32.00 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Research analysts expect that MBIA will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Point72 Middle East FZE purchased a new position in shares of MBIA during the 4th quarter worth $34,000. Great West Life Assurance Co. Can increased its holdings in shares of MBIA by 105.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,782 shares of the insurance provider’s stock worth $46,000 after buying an additional 1,430 shares during the last quarter. State of Wyoming acquired a new stake in shares of MBIA during the 4th quarter worth $37,000. Principal Securities Inc. acquired a new stake in shares of MBIA during the 4th quarter worth $25,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of MBIA by 24.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,914 shares of the insurance provider’s stock worth $46,000 after buying an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.