MBIA (NYSE:MBI) Rating Increased to Hold at Wall Street Zen

Key Points

• MBIA has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more favorable outlook for the stock.
• Keefe, Bruyette & Woods has lowered their price target for MBIA shares from $9.00 to $8.00, while maintaining an "outperform" rating.
• The stock price of MBIA saw an increase of 2.8%, with shares opening at $7.6570, and the company has a market cap of $386.60 million.

MBIA (NYSE:MBI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

Separately, Keefe, Bruyette & Woods lowered their price objective on MBIA from $9.00 to $8.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $8.00.

MBIA Price Performance

Shares of MBI traded down $0.06 on Friday, reaching $8.07. 501,108 shares of the stock traded hands, compared to its average volume of 637,189. The firm has a market cap of $407.66 million, a price-to-earnings ratio of -1.74 and a beta of 1.85. MBIA has a 12 month low of $3.22 and a 12 month high of $8.26. The stock's 50-day moving average price is $5.46 and its 200-day moving average price is $5.17.

Institutional Trading of MBIA

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in MBIA in the 1st quarter valued at $205,000. Barclays PLC boosted its stake in MBIA by 102.9% in the 4th quarter. Barclays PLC now owns 118,511 shares of the insurance provider's stock valued at $766,000 after buying an additional 60,105 shares in the last quarter. Two Sigma Advisers LP boosted its stake in MBIA by 171.3% in the 4th quarter. Two Sigma Advisers LP now owns 123,850 shares of the insurance provider's stock valued at $800,000 after buying an additional 78,200 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake in MBIA by 60.6% in the first quarter. Freestone Capital Holdings LLC now owns 288,129 shares of the insurance provider's stock worth $1,435,000 after purchasing an additional 108,776 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in MBIA by 49.0% in the fourth quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider's stock worth $2,456,000 after purchasing an additional 125,039 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

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.