Trexquant Investment LP acquired a new stake in MBIA during the first quarter worth $125,000.
Other analysts have also issued research reports about the company. AQR Capital Management LLC increased its position in MBIA by 35.3% in the fourth quarter. The investment company owned 998,018 stocks of the insurance provider's shares after purchasing an extra 81,777 shares through out the quarter. Russell Investments Group Ltd. increased its position in MBIA by 72.3% in the first quarter. Volume was up 6.28% over the stocks average daily volume. First Midwest Bank Trust Division increased its position in shares of MBIA by 2.1% in the first quarter. Teachers Advisors LLC now owns 213,402 shares of the insurance provider's stock valued at $2,283,000 after buying an additional 2,277 shares during the last quarter. The value of the position overall is up by 18.9%.
Shares are trading at $10.38 which is significantly above $9.86, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $9.27. Out of 4 Wall Street analysts rating MBIA Inc, 2 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". As of the end of the quarter Teachers Advisors, LLC had acquired a total of 9,460 shares growing its position 4.3%. (NYSE:MBI) has been on a run - rising 21.03 percent in just three months. MBIA Inc. shares had a trading volume of 2,900K on Friday. (MBI) stock price comparison to its moving averages, shares of company spotted the move of 8.50% isolated from the 50-day moving average and derived distance of 0.24% away from 20-day moving average in the most recent session. The company has market cap of $1.32 billion.
Previously MBIA Inc (NYSE:MBI) reported $-1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $-1.41 by $0.3. The insurance provider reported ($1.09) EPS for the quarter, missing the Zacks' consensus estimate of $0.01 by $1.10. However the company reported $0.04 earnings per share for the same quarter during previous year.
MBIA Inc. (MBI), a part of Financial sector and belongs to Property & Casualty Insurance industry; ended its day with gain 1.76% and finalized at the price of $10.38.
(TSE:T) Target Price at $47.50
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada . As of the end of the quarter Public Sector Pension Investment Board had acquired 227,400 shares growing its position 24.0%.
MBIA announced that its board has authorized a stock buyback plan on Tuesday, June 27th that permits the company to repurchase $250.00 million in shares. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Markets Daily and is owned by of Markets Daily. MBIA Inc. (NYSE:MBI) has risen 13.35% since August 11, 2016 and is uptrending.
A number of brokerages have commented on MBI. (NYSE:MBI) earned "Buy" rating by BTIG Research on Friday, May 26. (NYSE:MBI) recently. Director Steven J. Gilbert acquired 87,033 shares at a price of $8.84 on Wednesday the 21st. The mean target of $14.00 should be compared with the price when the stock was languishing around $7.14 a share. Its book value per share for the most recent quarter is $24.46 while its price to book ratio for the same period is 0.42, as for as the company's cash per share for the most recent quarter is $1.15, however its price to cash per share ratio for the same period is 8.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Rinehart bought 40,000 shares of MBIA stock in a transaction on Wednesday, June 28th. Insiders bought a total of 177,033 shares of company stock worth $1,589,112 in the last ninety days. The disclosure for this purchase can be found here. For the current year the company's revenue estimates are $196.2 Million compared to low analyst estimates of $196.2 Million and high estimates of $196.2 Million according to 1 number of analysts.
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.
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