ValuEngine upgraded shares of MBIA (NYSE:MBI) from a hold rating to a buy rating in a report released on Wednesday morning.

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

MBIA (NYSE:MBI) opened at $8.56 on Wednesday. MBIA has a 12 month low of $6.04 and a 12 month high of $10.72. The stock has a market capitalization of $759.81, a PE ratio of -0.66 and a beta of 2.15. The company has a quick ratio of 2.09, a current ratio of 1.90 and a debt-to-equity ratio of 3.63.

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

In related news, Director Joseph W. Brown purchased 50,000 shares of MBIA stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average cost of $7.25 per share, for a total transaction of $362,500.00. Following the completion of the transaction, the director now owns 2,399,634 shares in the company, valued at $17,397,346.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.11% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI purchased a new position in MBIA during the fourth quarter valued at approximately $116,000. Public Employees Retirement System of Ohio raised its position in MBIA by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 16,849 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,109 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in MBIA during the fourth quarter valued at approximately $161,000. Gamco Investors INC. ET AL purchased a new position in MBIA during the fourth quarter valued at approximately $163,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in MBIA during the fourth quarter valued at approximately $178,000.

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MBIA Company Profile

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

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

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