News articles about MBIA (NYSE:MBI) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MBIA earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 47.2244988511629 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- MKM Partners Reaffirms Buy Rating for MBIA, Inc. (MBI) (americanbankingnews.com)
- MBIA, Inc. (MBI) Earns Buy Rating from BTIG Research (joshnaijablog.com)
- MBIA’s (MBI) CEO Joseph Brown on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Schwab Charles Investment Management Raises Stake in MBIA, (MBI) (famososartistas.com)
- MBIA Inc. (MBI) Insider CHIN FRANCIS Y bought 331 Shares Of Stock (overnewsmagazine.com)
Shares of MBIA (MBI) opened at 10.27 on Friday. The stock’s market cap is $1.29 billion. MBIA has a 1-year low of $7.15 and a 1-year high of $11.65. The company has a 50 day moving average price of $9.91 and a 200 day moving average price of $9.27.
MBIA (NYSE:MBI) last released its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($1.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $1.10. The business had revenue of $72 million for the quarter, compared to analyst estimates of $87.85 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s revenue was down 39.0% on a year-over-year basis. On average, equities analysts anticipate that MBIA will post ($1.01) EPS for the current year.
MBIA declared that its board has initiated a stock buyback program on Tuesday, June 27th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 21.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several analysts recently weighed in on the company. MKM Partners restated a “buy” rating and issued a $15.00 price target on shares of MBIA in a research note on Friday. BidaskClub downgraded MBIA from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, BTIG Research restated a “buy” rating and issued a $14.00 price target on shares of MBIA in a research note on Friday, July 14th.
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In related news, Director Charles R. Rinehart acquired 40,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were purchased at an average cost of $9.25 per share, with a total value of $370,000.00. Following the completion of the acquisition, the director now directly owns 212,592 shares of the company’s stock, valued at $1,966,476. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven J. Gilbert acquired 50,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were bought at an average cost of $8.96 per share, for a total transaction of $448,000.00. Following the completion of the acquisition, the director now directly owns 132,073 shares of the company’s stock, valued at $1,183,374.08. The disclosure for this purchase can be found here. Insiders acquired 177,033 shares of company stock worth $1,589,112 over the last ninety days. Corporate insiders own 4.11% of the company’s stock.
MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.
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