NYSE:MBIMBIA Stock Price, Forecast & News

MBIA's stock was trading at $7.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MBI stock has decreased by 3.2% and is now trading at $6.90. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MBIA in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MBIA.

MBIA is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for MBIA.

MBIA Inc. (NYSE:MBI) issued its quarterly earnings results on Monday, May, 11th. The insurance provider reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.48. The insurance provider had revenue of ($6) million for the quarter, compared to the consensus estimate of $44.63 million. MBIA had a negative return on equity of 11.99% and a negative net margin of 128.21%. During the same quarter in the previous year, the company posted $0.45 earnings per share. View MBIA's earnings history.

1 analysts have issued 1 year target prices for MBIA's shares. Their forecasts range from $14.00 to $14.00. On average, they expect MBIA's share price to reach $14.00 in the next year. This suggests a possible upside of 102.9% from the stock's current price. View analysts' price targets for MBIA.

News coverage about MBI stock has trended negative recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. MBIA earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about MBIA.

MBIA saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,790,000 shares, a decrease of 13.2% from the May 31st total of 6,670,000 shares. Based on an average daily volume of 880,600 shares, the days-to-cover ratio is currently 6.6 days. Currently, 9.4% of the company's stock are sold short. View MBIA's Current Options Chain.

Some companies that are related to MBIA include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other MBIA investors own include Hovnanian Enterprises (HOV), Genworth Financial (GNW), Freeport-McMoRan (FCX), Cleveland-Cliffs (CLF), FireEye (FEYE), Chesapeake Energy (CHK), Energy Transfer LP Unit (ET), Ford Motor (F), Glu Mobile (GLUU) and General Motors (GM).

MBIA trades on the New York Stock Exchange (NYSE) under the ticker symbol "MBI."

MBIA's stock is owned by many different institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.16%). Company insiders that own MBIA stock include Fine Capital Partners, LP, Richard C Vaughan and Theodore Shasta. View institutional ownership trends for MBIA.

MBI stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for MBIA.

Shares of MBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MBI stock can currently be purchased for approximately $6.90.

MBIA has a market capitalization of $467.13 million and generates $280 million in revenue each year. MBIA employs 96 workers across the globe.

The official website for MBIA is www.mbia.com.

MBIA's mailing address is 1 MANHATTANVILLE ROAD SUITE 301, PURCHASE NY, 10577. The insurance provider can be reached via phone at 914-273-4545.