November 29, 2016 - By Michael Collier
The Chief Executive Officer of Mbia Inc, Joseph Brown is in the stock market news today. It was revealed in a public document filled by Joseph Brown and submitted to the SEC on November 29, 2016, he unloaded 248,433 shares from the New York-based Mbia Inc having a market value near $2,509,173 U.S. Dollars. The mentioned shares average price was $10.1. The transaction will most probably not stay undiscovered as it was sizable one. At the moment, he has in hand a total of 3.49 million shares or 2.56% of the company’s total market cap.
Out of 3 analysts covering MBIA Inc (NYSE:MBI), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $12 is the highest target while $8.50 is the lowest. The $10.25 average target is -0.39% below today’s ($10.29) stock price. MBIA Inc has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Monday, April 25. The firm earned “Buy” rating on Thursday, June 16 by M Partners. On Friday, August 7 the stock rating was downgraded by TheStreet to “Sell”. As per Tuesday, November 3, the company rating was upgraded by M Partners.
Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.16, from 0.9 in 2016Q1. The ratio is negative, as 25 funds sold all MBIA Inc. shares owned while 55 reduced positions. 27 funds bought stakes while 45 increased positions. They now own 115.87 million shares or 7.78% less from 125.65 million shares in 2016Q1.
Clear Harbor Asset Mgmt Lc has invested 0.13% of its portfolio in MBIA Inc. (NYSE:MBI). The New York-based Cipher Cap Limited Partnership has invested 0.01% in MBIA Inc. (NYSE:MBI). Aqr Mgmt Ltd Llc last reported 101,979 shares in the company. Ubs Asset Mngmt Americas has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). The California-based Blackrock Institutional Trust Company Na has invested 0% in MBIA Inc. (NYSE:MBI). North Star Asset Mngmt reported 159,171 shares or 0.16% of all its holdings. Carl Domino Inc last reported 25,000 shares in the company. The New York-based Valueworks Ltd Llc has invested 5.14% in MBIA Inc. (NYSE:MBI). Credit Suisse Ag has 0% invested in the company for 233,515 shares. First Advsr Lp reported 190,833 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement System holds 0% or 118,243 shares in its portfolio. Invesco Limited has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Neuberger Berman Group Ltd has 25,333 shares for 0% of their US portfolio. Schwab Charles Invest Mngmt Inc holds 0.01% of its portfolio in MBIA Inc. (NYSE:MBI) for 892,269 shares. The United Kingdom-based Oxford Asset Management has invested 0.09% in MBIA Inc. (NYSE:MBI).
Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 1 insider sale for $24,632 net activity. VAUGHAN RICHARD C also sold $24,632 worth of MBIA Inc. (NYSE:MBI) on Thursday, August 11.
The stock increased 0.19% or $0.02 on November 29, hitting $10.29. About 1.65 million shares traded hands or 24.06% up from the average. MBIA Inc. (NYSE:MBI) has risen 28.05% since April 26, 2016 and is uptrending. It has outperformed by 22.80% the S&P500.
MBIA Inc. is a holding company. The company has a market cap of $1.51 billion. 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. It currently has negative earnings. MBIA’s divisions include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.
According to Zacks Investment Research, “MBIA Incorporated is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Company’s wholly-owned subsidiary, MBIA Insurance Corporation.”
Analysts await MBIA Inc. (NYSE:MBI) to report earnings on March, 6.
More news for MBIA Inc. (NYSE:MBI) were recently published by: Businesswire.com, which released: “MBIA Inc. Announces Financing Commitment for MBIA Insurance Corporation” on November 28, 2016. Moodys.com‘s article titled: “Moody’s affirms MBIA Inc. (senior at Ba1) and National Public Finance ..” and published on May 20, 2016 is yet another important article.
MBIA Inc. (MBIA), incorporated on November 12, 1986, 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. The Company’s divisions include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate. The U.S. public finance insurance segment’s primary activities are to generate new insurance business in National, consistent with its portfolio management and return requirements, and to maximize the economics of its existing insured portfolio through surveillance and remediation. The international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The corporate segment is operated through the Company and its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services).
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