MBIA (NYSE:MBI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of MBIA (NYSE:MBI – Get Rating) in a report released on Thursday. The firm issued a hold rating on the insurance provider’s stock.

Other equities research analysts also recently issued research reports about the company. Roth Capital restated a buy rating on shares of MBIA in a research report on Wednesday, March 1st. Compass Point began coverage on MBIA in a research report on Monday, November 28th. They set a neutral rating and a $14.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped their target price on MBIA from $13.00 to $12.00 and set an outperform rating on the stock in a research report on Wednesday.

MBIA Stock Down 6.4 %

MBIA stock traded down $0.59 during trading on Thursday, hitting $8.68. The stock had a trading volume of 1,147,626 shares, compared to its average volume of 541,243. MBIA has a 1 year low of $8.27 and a 1 year high of $16.68. The stock’s 50 day moving average is $12.57 and its two-hundred day moving average is $11.81. The stock has a market cap of $476.01 million, a price-to-earnings ratio of -2.21 and a beta of 1.23.

Institutional Investors Weigh In On MBIA

Large investors have recently added to or reduced their stakes in the business. Point72 Middle East FZE bought a new stake in MBIA during the fourth quarter valued at $34,000. Great West Life Assurance Co. Can bought a new stake in MBIA during the third quarter valued at $26,000. State of Wyoming bought a new stake in MBIA during the fourth quarter valued at $37,000. Tower Research Capital LLC TRC boosted its stake in MBIA by 24.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,914 shares of the insurance provider’s stock valued at $46,000 after buying an additional 976 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in MBIA by 64.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,437 shares of the insurance provider’s stock valued at $50,000 after buying an additional 2,138 shares during the period. Institutional investors own 60.25% of the company’s stock.

MBIA Company Profile

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MBIA, Inc is a holding company, which engages in the provision of financial guarantee insurance, related reinsurance, advisory and portfolio services, and asset management advisory services. It operates through the following business segments: U.S. Public Finance Insurance, Corporate, and International and Structured Finance Insurance.