MBIA (NYSE:MBI) Stock Rating Upgraded by Keefe, Bruyette & Woods

MBIA (NYSE:MBI) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $9.00 price objective on the insurance provider’s stock, up from their prior price objective of $6.50. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 36.99% from the company’s current price.

Separately, Roth Mkm lowered their price target on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

MBIA Stock Up 0.3 %

NYSE:MBI opened at $6.57 on Monday. The business’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $4.60. MBIA has a twelve month low of $3.22 and a twelve month high of $14.37. The stock has a market cap of $335.27 million, a P/E ratio of -0.58 and a beta of 1.41.

Hedge Funds Weigh In On MBIA

Several institutional investors have recently modified their holdings of MBI. Envestnet Portfolio Solutions Inc. increased its position in shares of MBIA by 19.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 2,587 shares during the last quarter. SG Americas Securities LLC increased its position in shares of MBIA by 87.3% during the 1st quarter. SG Americas Securities LLC now owns 47,519 shares of the insurance provider’s stock valued at $321,000 after purchasing an additional 22,145 shares during the last quarter. Vanguard Group Inc. increased its position in shares of MBIA by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,387,073 shares of the insurance provider’s stock valued at $16,137,000 after purchasing an additional 39,767 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of MBIA during the 1st quarter valued at about $324,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of MBIA by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,617 shares of the insurance provider’s stock valued at $397,000 after purchasing an additional 1,972 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates 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.