MBIA (MBI) Scheduled to Post Earnings on Monday

MBIA (NYSE:MBIGet Rating) will issue its quarterly earnings data after the market closes on Monday, May 9th.

MBIA (NYSE:MBIGet Rating) last issued its earnings results on Monday, February 28th. The insurance provider reported ($2.13) earnings per share for the quarter. The company had revenue of $27.00 million during the quarter.

MBIA stock traded up $0.10 during midday trading on Wednesday, reaching $13.57. The stock had a trading volume of 5,272 shares, compared to its average volume of 370,161. MBIA has a twelve month low of $8.53 and a twelve month high of $17.90. The stock has a market capitalization of $744.31 million, a PE ratio of -1.52 and a beta of 1.13. The firm has a 50-day moving average price of $14.00.

In other MBIA news, Director Steven J. Gilbert sold 85,141 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $15.58, for a total transaction of $1,326,496.78. Following the transaction, the director now owns 48,463 shares in the company, valued at $755,053.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 13.16% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of MBIA by 2.7% during the fourth quarter. Nuveen Asset Management LLC now owns 204,259 shares of the insurance provider’s stock worth $2,263,000 after acquiring an additional 5,385 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MBIA by 44.7% during the fourth quarter. Renaissance Technologies LLC now owns 140,574 shares of the insurance provider’s stock worth $2,220,000 after acquiring an additional 43,400 shares during the last quarter. Millennium Management LLC increased its position in shares of MBIA by 735.3% during the fourth quarter. Millennium Management LLC now owns 115,460 shares of the insurance provider’s stock worth $1,823,000 after acquiring an additional 101,637 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of MBIA by 84.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 95,818 shares of the insurance provider’s stock worth $1,513,000 after acquiring an additional 43,845 shares during the last quarter. Finally, Barclays PLC increased its position in shares of MBIA by 66.9% during the fourth quarter. Barclays PLC now owns 94,211 shares of the insurance provider’s stock worth $1,488,000 after acquiring an additional 37,770 shares during the last quarter. 69.64% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on MBI shares. Keefe, Bruyette & Woods boosted their price objective on MBIA from $9.00 to $13.00 in a research note on Sunday, March 13th. StockNews.com started coverage on MBIA in a research note on Thursday, March 31st. They set a “sell” rating on the stock.

About MBIA (Get Rating)

MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.

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Earnings History for MBIA (NYSE:MBI)

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