Keefe, Bruyette & Woods Has Lowered Expectations for MBIA (NYSE:MBI) Stock Price

MBIA (NYSE:MBI - Get Free Report) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $9.00 to $8.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 65.56% from the stock's previous close.

Separately, StockNews.com cut shares of MBIA from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th.

MBIA Trading Up 3.9 %

Shares of MBIA stock traded up $0.18 during trading hours on Tuesday, reaching $4.83. 192,824 shares of the company's stock were exchanged, compared to its average volume of 450,039. The firm has a market capitalization of $243.39 million, a price-to-earnings ratio of -0.43 and a beta of 1.88. The company has a fifty day moving average of $4.94 and a 200-day moving average of $5.64. MBIA has a 52-week low of $3.22 and a 52-week high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.17). The business had revenue of $29.00 million during the quarter, compared to the consensus estimate of $28.70 million. On average, equities research analysts anticipate that MBIA will post -3.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC purchased a new position in shares of MBIA in the 4th quarter valued at $50,000. Kahn Brothers Group Inc. purchased a new position in MBIA in the fourth quarter valued at about $68,000. Nebula Research & Development LLC acquired a new position in shares of MBIA during the fourth quarter worth about $77,000. ProShare Advisors LLC purchased a new stake in shares of MBIA in the fourth quarter worth about $81,000. Finally, Dupree Financial Group LLC acquired a new stake in shares of MBIA in the first quarter valued at about $124,000. 60.95% of the stock is owned by institutional investors and hedge funds.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.