MBIA, Inc. (NYSE:MBI)‘s stock had its “buy” rating reaffirmed by research analysts at BTIG Research in a research note issued to investors on Tuesday. They currently have a $14.00 price objective on the insurance provider’s stock. BTIG Research’s price target indicates a potential upside of 52.17% from the stock’s previous close.

MBI has been the subject of a number of other research reports. MKM Partners reissued a “buy” rating and set a $15.00 price objective on shares of MBIA in a research report on Thursday, March 2nd. TheStreet downgraded shares of MBIA from a “c-” rating to a “d+” rating in a research report on Friday, March 31st.

Shares of MBIA (NYSE:MBI) opened at 9.20 on Tuesday. MBIA has a 12 month low of $6.34 and a 12 month high of $11.65. The stock’s market cap is $1.19 billion. The company has a 50 day moving average price of $8.30 and a 200-day moving average price of $9.54. MBIA also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 7,300 put options on the company. This is an increase of approximately 836% compared to the average daily volume of 780 put options.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. MBIA had a net margin of 1.23% and a return on equity of 0.68%. The firm had revenue of $77 million during the quarter, compared to the consensus estimate of $95.20 million. During the same quarter in the previous year, the firm posted ($0.58) EPS. On average, equities research analysts predict that MBIA will post $0.17 earnings per share for the current year.

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In other news, Director Steven J. Gilbert bought 87,033 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of $8.86 per share, for a total transaction of $771,112.38. Following the purchase, the director now owns 132,073 shares in the company, valued at $1,170,166.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gilbert bought 50,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were purchased at an average price of $8.96 per share, for a total transaction of $448,000.00. Following the purchase, the director now owns 132,073 shares in the company, valued at approximately $1,183,374.08. The disclosure for this purchase can be found here. Insiders own 4.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in MBIA by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 12,484 shares of the insurance provider’s stock worth $106,000 after buying an additional 99 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in MBIA by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 93,562 shares of the insurance provider’s stock worth $792,000 after buying an additional 1,665 shares during the period. First Midwest Bank Trust Division boosted its position in MBIA by 2.1% in the first quarter. First Midwest Bank Trust Division now owns 93,117 shares of the insurance provider’s stock worth $789,000 after buying an additional 1,947 shares during the period. Teachers Advisors LLC boosted its position in MBIA by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 213,402 shares of the insurance provider’s stock worth $2,283,000 after buying an additional 2,277 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in MBIA by 14.3% in the fourth quarter. First Republic Investment Management Inc. now owns 23,985 shares of the insurance provider’s stock worth $257,000 after buying an additional 2,994 shares during the period. Institutional investors own 89.89% of the company’s stock.

MBIA Company Profile

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

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