MBIA (MBI) Earns News Impact Score of 0.14

Media stories about MBIA (NYSE:MBI) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MBIA earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 44.8821672751294 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of MBIA (NYSE:MBI) traded down 4.93% on Wednesday, hitting $7.13. The company had a trading volume of 6,399,804 shares. The company’s market capitalization is $897.07 million. The stock’s 50-day moving average is $9.53 and its 200 day moving average is $9.17. MBIA has a 52 week low of $7.11 and a 52 week high of $11.65.

MBIA (NYSE:MBI) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($1.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.10). The company had revenue of $72.00 million during the quarter, compared to the consensus estimate of $87.85 million. The company’s quarterly revenue was down 39.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. Equities analysts expect that MBIA will post ($0.76) EPS for the current year.

MBIA declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 27th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 21.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

A number of research analysts recently issued reports on the company. BTIG Research reiterated a “buy” rating and set a $14.00 price objective on shares of MBIA in a research note on Wednesday, September 6th. BidaskClub upgraded MBIA from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, MKM Partners reiterated a “buy” rating on shares of MBIA in a research note on Thursday, October 5th.

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MBIA Company Profile

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.

Insider Buying and Selling by Quarter for MBIA (NYSE:MBI)

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