MBIA Inc. (NYSE:MBI)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $11.00 price target on the stock. BTIG Research’s target price would suggest a potential upside of 70.02% from the stock’s current price.

Separately, MKM Partners upgraded MBIA from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, November 3rd.

Shares of MBIA (NYSE:MBI) traded up 4.69% during trading on Monday, hitting $6.47. The stock had a trading volume of 2,743,119 shares. The stock has a market capitalization of $989.62 million and a P/E ratio of 9.88. The stock’s 50-day moving average is $6.12 and its 200-day moving average is $6.60. MBIA has a 12-month low of $4.94 and a 12-month high of $9.98.

MBIA (NYSE:MBI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company earned $92 million during the quarter, compared to the consensus estimate of $82.50 million. During the same quarter in the previous year, the business earned $0.63 EPS. MBIA’s revenue was down 68.4% on a year-over-year basis. Analysts predict that MBIA will post $0.55 EPS for the current fiscal year.

Other large investors have recently modified their holdings of the company. Quantitative Systematic Strategies purchased a new stake in shares of MBIA during the fourth quarter worth about $302,000. Russell Frank Co boosted its stake in shares of MBIA by 255.4% in the fourth quarter. Russell Frank Co now owns 423,368 shares of the company’s stock worth $2,739,000 after buying an additional 304,228 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of MBIA during the fourth quarter worth about $5,130,000.

In other news, Director Keith D. Curry acquired 5,000 shares of MBIA stock in a transaction dated Tuesday, December 29th. The stock was bought at an average price of $6.57 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director now directly owns 26,156 shares in the company, valued at approximately $171,844.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph W. Brown sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, December 31st. The stock was sold at an average price of $6.49, for a total value of $194,700.00. Following the sale, the chief executive officer now owns 3,733,637 shares of the company’s stock, valued at approximately $24,231,304.13. The disclosure for this sale can be found here.

MBIA Inc. (NYSE:MBI) is a holding company. Through its subsidiary, the Company provides financial guarantee insurance to the United States public finance markets. The Company’s indirect, wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Company’s operating segments includes United States (U.S.) public finance insurance; international and structured finance insurance; corporate and advisory services. The U.S. public finance insurance business is operated through National Public Finance Guarantee Corporation and its subsidiaries (National). The international and structured finance insurance business is operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The asset management and advisory services business is operated through Cutwater Holdings, LLC and its subsidiaries (Cutwater). National’s guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of the United States political subdivisions.

12 Month Chart for NYSE:MBI

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