ValuEngine Lowers MBIA (MBI) to Hold

MBIA (NYSE:MBI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Keefe, Bruyette & Woods started coverage on MBIA in a research note on Monday, February 5th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.50.

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NYSE:MBI opened at $9.23 on Friday. MBIA has a 52-week low of $6.04 and a 52-week high of $10.72. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 3.63.

MBIA (NYSE:MBI) last posted its quarterly earnings data on Thursday, March 1st. The insurance provider reported ($1.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($1.61). The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $76.19 million. MBIA had a negative net margin of 370.67% and a negative return on equity of 19.69%. MBIA’s quarterly revenue was down 525.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS.

A number of hedge funds have recently modified their holdings of the business. Delek Group Ltd. bought a new stake in MBIA during the fourth quarter worth about $5,599,000. MetLife Investment Advisors LLC bought a new stake in MBIA during the fourth quarter worth about $307,000. PEAK6 Investments L.P. lifted its stake in MBIA by 229.8% during the fourth quarter. PEAK6 Investments L.P. now owns 37,416 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 66,236 shares during the last quarter. Millennium Management LLC lifted its stake in MBIA by 1,009.5% during the fourth quarter. Millennium Management LLC now owns 535,028 shares of the insurance provider’s stock worth $3,916,000 after purchasing an additional 486,805 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in MBIA during the fourth quarter worth about $632,000.

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MBIA Company Profile

MBIA, Inc operates as holding company, which through its subsidiaries, provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services and asset management advisory services, for the public and structured finance markets. It operates through the following business segments: U.S.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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