MBIA Inc. (NYSE:MBI) traded down 2.2% during trading on Friday . The stock traded as low as $7.47 and last traded at $7.52, with a volume of 527,597 shares changing hands. The stock had previously closed at $7.69.

Several equities research analysts have commented on the stock. MKM Partners reaffirmed a “buy” rating and issued a $12.00 target price on shares of MBIA in a research note on Thursday, June 16th. BTIG Research reaffirmed a “buy” rating and issued a $14.00 target price on shares of MBIA in a research note on Wednesday, September 7th. Finally, S&P Equity Research reaffirmed a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th.

The firm’s 50-day moving average is $8.14 and its 200-day moving average is $7.83. The company’s market capitalization is $1.02 billion.

MBIA (NYSE:MBI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. MBIA had a negative net margin of 10.76% and a positive return on equity of 1.77%. The company had revenue of $118 million for the quarter, compared to the consensus estimate of $75.25 million. During the same period last year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 51.8% compared to the same quarter last year. On average, equities analysts expect that MBIA Inc. will post $0.47 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in MBIA by 4.9% in the second quarter. Public Employees Retirement System of Ohio now owns 20,616 shares of the company’s stock valued at $141,000 after buying an additional 971 shares in the last quarter. Teacher Retirement System of Texas increased its stake in MBIA by 14.7% in the second quarter. Teacher Retirement System of Texas now owns 18,267 shares of the company’s stock valued at $125,000 after buying an additional 2,342 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in MBIA by 10.5% in the second quarter. Oppenheimer & Co. Inc. now owns 30,400 shares of the company’s stock valued at $207,000 after buying an additional 2,900 shares in the last quarter. Ameriprise Financial Inc. increased its stake in MBIA by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 495,147 shares of the company’s stock valued at $3,382,000 after buying an additional 3,850 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in MBIA by 8.9% in the second quarter. BlackRock Advisors LLC now owns 64,289 shares of the company’s stock valued at $439,000 after buying an additional 5,228 shares in the last quarter. Institutional investors own 91.49% of the company’s stock.

MBIA Company Profile

MBIA Inc (MBIA) 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. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.

5 Day Chart for NYSE:MBI

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