MBIA (MBI) Board Initiates Share Repurchase Plan


MBIA Inc (NYSE:MBI) now has a trailing P/E of -3.97 while its forward P/E according to Thomson Reuters is 43.43. (NYSE MBI) opened at 9.57 on Wednesday.

A number of hedge funds and other institutional investors have recently modified their holdings of MBI.

Previously MBIA Inc (NYSE:MBI) reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Finally, HPM Partners LLC purchased a new stake in shares of MBIA during the first quarter valued at approximately $192,000. Vanguard Group Inc. now owns 10,442,849 shares of the insurance provider's stock worth $88,451,000 after buying an additional 511,194 shares during the period.

MBIA Inc.is a holding company. Fox Run Management L.L.C. acquired a new stake in MBIA during the first quarter worth $105,000. First Midwest Bank Trust Division increased its stake in shares of MBIA by 2.1% in the first quarter.

Analysts are also projecting an Average Revenue Estimate for MBIA Inc.as $51050 in the Current Quarter. (MBI) traded up 3.40% during mid-day trading on Friday, hitting $10.33. The firm exchanged a volume of 1.25 million shares at hands. We have taken into consideration the 50-day and the 200-day Simple Moving Average, as this pair of SMA is often looked at by big financial institutions as a long range indicator of market direction. MBIA has a 1-year low of $6.61 and a 1-year high of $11.65. It has a market cap of $1.28 Billion.

MBIA (NYSE:MBI) last issued its earnings results on Wednesday, May 10th.

Last time, the company shocked Wall Street by reporting EPS of $0.07, smashing the consensus of $0.05 per share. The business had revenue of $77 million during the quarter, compared to the consensus estimate of $95.20 million. On average, analysts anticipate that MBIA, Inc. will post $0.24 earnings per share for the current fiscal year.

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A number of other equities analysts have also recently issued reports on MBI. The latest reports which are outstanding on Saturday 15th of July state 1 analyst has a rating of "strong buy", 1 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". Its corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services). Finally, TheStreet cut shares of MBIA from a "c-" rating to a "d+" rating in a research note on Friday, March 31st. In the last three months, insiders have purchased 177,033 shares of company stock worth $1,589,112.

Additionally on 4/25/16 Keefe Bruyette & Woods "Initiates Coverage on" MBIA Inc (NYSE:MBI) to Market Perform setting price target at $8.5 and on 11/03/15 MKM Partners "Upgrades" the stock to Buy. Following the completion of the transaction, the director now directly owns 132,073 shares in the company, valued at $1,183,374.08. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. The shares were acquired at an average price of $9.25 per share, with a total value of $370,000.00. North Star Asset Management Inc now owns 120,441 shares valued at $1,020,000. The disclosure for this purchase can be found here. NY now owns 93,562 shares of the insurance provider's stock worth $792,000 after buying an additional 1,665 shares in the last quarter. DE now owns 4,426,198 shares of the insurance provider's stock valued at $37,490,000 after buying an additional 58,034 shares during the last quarter.