MBIA (NYSE:MBI) Upgraded by Keefe, Bruyette & Woods to “Outperform” Rating

MBIA (NYSE:MBI) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $9.00 price target on the insurance provider’s stock, up from their prior price target of $6.50. Keefe, Bruyette & Woods’ target price suggests a potential upside of 49.25% from the stock’s current price.

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

MBIA Stock Up 0.8 %

Shares of MBI opened at $6.03 on Monday. MBIA has a 12-month low of $3.22 and a 12-month high of $14.37. The firm has a market capitalization of $307.71 million, a price-to-earnings ratio of -0.53 and a beta of 1.41. The stock’s 50-day moving average price is $3.87 and its 200 day moving average price is $4.59.

Institutional Investors Weigh In On MBIA

Large investors have recently modified their holdings of the stock. Whitebox Advisors LLC grew its position in MBIA by 86.8% during the 2nd quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock worth $4,361,000 after acquiring an additional 369,255 shares during the last quarter. Kahn Brothers Group Inc. grew its position in MBIA by 7.2% during the 1st quarter. Kahn Brothers Group Inc. now owns 5,176,613 shares of the insurance provider’s stock worth $34,993,000 after acquiring an additional 347,007 shares during the last quarter. TCW Group Inc. bought a new stake in MBIA during the 2nd quarter worth approximately $1,435,000. GSA Capital Partners LLP grew its position in MBIA by 321.0% during the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 241,116 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in MBIA during the 1st quarter worth approximately $1,105,000. 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.