MBIA (NYSE:MBI) Share Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• MBIA's shares fell below its 200-day moving average of $6.67, trading as low as $5.82 and last at $5.8380 on volume of 340,522 shares, a bearish technical signal.
• The company reported Q4 EPS of ($0.24), missing the ($0.05) estimate by $0.19 while posting $28.0M in revenue; MBIA carries a negative PE (-1.63) and analysts forecast FY EPS of -0.26.
• Analyst sentiment is mixed—one Buy and one Sell with an average rating of 'Hold' and an average target of $7.50—while institutional investors own about 60.95% of the stock, with several funds recently increasing positions.

MBIA, Inc. (NYSE:MBI - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.67 and traded as low as $5.82. MBIA shares last traded at $5.8380, with a volume of 340,522 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of MBIA in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods dropped their price target on shares of MBIA from $8.50 to $7.50 and set an "outperform" rating on the stock in a report on Thursday, March 19th. Finally, Wall Street Zen lowered shares of MBIA from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.50.

MBIA Price Performance

The business has a 50-day moving average of $6.05 and a 200 day moving average of $6.67. The company has a market cap of $297.35 million, a PE ratio of -1.63 and a beta of 1.81.

MBIA (NYSE:MBI - Get Free Report) last announced its earnings results on Thursday, February 26th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The business had revenue of $28.00 million during the quarter, compared to analyst estimates of $26.50 million. On average, equities analysts predict that MBIA, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Trading of MBIA

Several large investors have recently added to or reduced their stakes in the business. Wolf Hill Capital Management LP increased its holdings in MBIA by 4.5% during the fourth quarter. Wolf Hill Capital Management LP now owns 2,560,708 shares of the insurance provider's stock valued at $18,335,000 after buying an additional 110,544 shares during the last quarter. Geode Capital Management LLC grew its position in shares of MBIA by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,043,095 shares of the insurance provider's stock valued at $4,528,000 after acquiring an additional 14,336 shares during the period. Kahn Brothers Group Inc. bought a new stake in shares of MBIA during the 3rd quarter valued at $7,672,000. UBS Group AG increased its stake in shares of MBIA by 72.9% in the 3rd quarter. UBS Group AG now owns 1,026,406 shares of the insurance provider's stock worth $7,647,000 after purchasing an additional 432,906 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of MBIA by 184.1% in the 2nd quarter. Marshall Wace LLP now owns 416,964 shares of the insurance provider's stock worth $1,810,000 after purchasing an additional 270,192 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

MBIA Company Profile

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.

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