Tuesday, 17 October, 2017

MBIA, Inc. (NYSE:MBI) showed monthly volitility of 3.08%

Nellie Chapman | 12 August, 2017, 18:58

Morgan Stanley owned approximately 0.77% of MBIA worth $8,788,000 as of its most recent SEC filing.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.

What Guru's think About Is MBIA Inc. Prudential Financial Inc. now owns 14,415 shares of the insurance provider's stock worth $136,000 after buying an additional 380 shares in the last quarter. Bank of America Corp DE owned about 0.43% of MBIA worth $4,791,000 at the end of the most recent quarter. Parametric Portfolio Associates LLC boosted its position in shares of MBIA by 24.3% in the first quarter. Tiaa Cref Investment Management LLC now owns 345,628 shares valued at $3,259,000. The value of the position overall is up by 7.9%. The value of the investment in MBIA Inc. went from $1,865,000 to $2,166,000 increasing 16.1% since the last quarter. Prudential Financial Inc. increased its position in shares of MBIA by 2.7% in the second quarter. This repurchase authorization permits the insurance provider to buy up to 21.7% of its stock through open market purchases. (NYSE:MBI) were released by: Nasdaq.com and their article: "Taylor Asset Management Inc Buys Cliffs Natural Resources Inc, MBIA Inc, Coca ..." published on August 09, 2017 as well as Businesswire.com's news article titled: "MBIA Inc". Earnings per share serves as an indicator of a company's profitability. Following the transaction, the director now directly owns 212,592 shares of the company's stock, valued at $1,966,476. The firm has a 50 day moving average of $9.91 and a 200-day moving average of $9.27. The company's market capitalization is $1.29 billion. The insurance provider posted ($1.09) EPS for the period, missing analysts' average forecasts of $0.01 by $1.10. The business had revenue of $72 million during the quarter, compared to analysts' expectations of $87.85 million. The company reported revenue of $59.6 Million in the same period a year ago. Analysts expect next quarter's EPS will be $0.05 with next year's EPS projected to be $0.24. MBIA Inc. (NYSE:MBI) notched a 12-month high of $14.00 while $15.00 target is by far the most aggressive out of analysts who are now evaluating MBI, $1 higher than the next highest 52-week price estimate.

The Purchase, New York-based company said it had a loss of $9.78 per share. Over the last three months, insiders bought 177,033 shares of company stock valued at $1,589,112.

COPYRIGHT VIOLATION NOTICE: This story was reported by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright law. MBIA Inc. (MBI)'s RSI (Relative Strength Index) is 58.86.

Several research firms have recently weighed in on MBI. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The shares were acquired at an average cost of $8.86 per share, for a total transaction of $771,112.38. The number of shares now owned by investors are 131.66 mln. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In other MBIA news, Director Steven J. Gilbert purchased 87,033 shares of the firm's stock in a transaction that occurred on Wednesday, June 21st. The stock's average target of $11.50 is 12.75% above today's ($10.2) share price. Following the acquisition, the director now owns 132,073 shares of the company's stock, valued at $1,170,166.78. The disclosure for this purchase can be found here. The stock's quarterly performance set out a shift of 26.87% and picked out performance of 20.85% over last twelve months.

MKM Partners "Maintained" MBIA Inc (NYSE:MBI) in a research note issued to investors on 6/16/16 to Buy with price target of $12.