MBIA, Inc. (NYSE:MBI) Shares Bought by Geode Capital Management LLC

At the present time, shares of MBIA Inc.

Several institutional investors have recently made changes to their positions in MBI. Envestnet Asset Management Inc. now owns 12,484 shares of the insurance provider's stock worth $106,000 after buying an additional 99 shares in the last quarter. Trexquant Investment LP bought a new stake in MBIA during the first quarter worth $125,000. TheStreet downgraded the shares of MBI in report on Friday, August 7 to "Sell" rating. The value of the position overall is up by 13.7%. Out of 4 Wall Street analysts rating MBIA Inc, 2 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". The stock's quarterly performance set out a shift of 26.87% and picked out performance of 20.85% over last twelve months. American International Group has an ownership of 80,991 stocks of the insurance provider's shares valued $686,000 after scooping up an extra 5,318 shares through out the previous quarter, Lastly, AQR Capital Management boosted its stake in stocks of MBIA by 35.3% in the Q4. Thompson Siegel & Walmsley LLC added to its stake by buying 197,853 shares an increase of 6.8% in the quarter. NY now owns 93,562 shares of the insurance provider's stock valued at $792,000 after buying an additional 1,665 shares during the last quarter. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 4.65% in the stock. The legal version of this piece can be accessed at https://rinconhillneighbors.org/2017/08/11/mkm-partners-reaffirms-buy-rating-for-mbia-inc-nysembi.html.

MBIA Inc (NYSE:MBI) shares traded on -2.32% down secure line and closed at $9.67. The firm has a 50 day moving average of $9.91 and a 200-day moving average of $9.27.

Let's talk about the gap between analyst price targets for the next 12 months and MBIA Inc. The company has market cap of $6.07 billion. The analysts estimated EPS for the higher end at 0.11 and lower end at 0.01 while the year ago reported earnings per share was 0.1.

The insurance and reinsurance company posted revenue of $72 million in the period. Analysts expect next quarter's EPS will be $0.05 with next year's EPS projected to be $0.24.

While considering growth estimates of the company, it has next quarter growth estimates of 200% whereas during current quarter it has 25% estimations over growth, comparing to the estimations of -539.1% during current year and 123.8% for next year.

Shares of MBIA (NYSE MBI) traded down 3.035% during mid-day trading on Friday, reaching $10.065.

MBIA announced that its board has approved a share buyback plan on Tuesday, June 27th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 21.7% of its stock through open market purchases. In the last quarter, insiders have purchased 177,033 shares of company stock worth $1,589,112.

TRADEMARK VIOLATION WARNING: This story was reported by Sports Perspectives and is owned by of Sports Perspectives.

Quite a few analysts have published reports on MBI. BTIG Research reissued a "buy" rating and issued a $14.00 price objective on shares of MBIA in a research note on Friday, July 14th. BidaskClub raised shares of MBIA from a "strong sell" rating to a "sell" rating in a research report on Thursday, June 29th. Also, Director Steven J. Gilbert purchased 87,033 shares of the company's stock in a transaction on Wednesday, June 21st. On the bright side, the company's share price has been on the rebound, up more than 96.08% since hitting lows of $7.14 on November 04, 2016. Following the acquisition, the director now owns 132,073 shares of the company's stock, valued at $1,170,166.78. Also, Director Charles R. Rinehart acquired 40,000 shares of MBIA stock in a transaction that occurred on Wednesday, June 28th. Morgan Stanley invested in 0% or 1.09M shares. The disclosure for this purchase can be found here.

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