MBIA Inc Receives Downgrade to 'Sell' by StockNews.com Amid Financial Analysis

Stock analysis firm StockNews.com has revised its rating for MBIA (NYSE:MBI) from 'hold' to 'sell'. This development was shared on Friday when the firm published its latest research report. MBIA, a company involved in financial guarantee insurance services, has had various price target adjustments from equity analysts in recent times.

Analysts' Perspectives on MBIA

Roth Mkm adjusted their price target on MBIA's stock, dropping it from $15.00 to $7.00 and changed the rating to 'neutral'. Another firm, Keefe, Bruyette & Woods also reduced their target, bringing it down from $10.00 to $9.00, while maintaining a 'market perform' rating. Additionally, Roth Capital shifted its stance from 'buy' to 'neutral' for MBIA. Currently, one analyst has given MBIA a 'sell' rating, while three others suggest 'hold' and one analyst recommends 'buy'. A consensus target price of $10.00 has been established for the stock, according to MarketBeat data.

Financials and Market Performance of MBIA

MBIA started trading at $6.64 on the announcement day. The company holds a market capitalization standing at $339.56 million, with a negative P/E ratio of -0.80, reflecting a challenging earnings outlook. Tracking the company's performance, the beta value is at 1.46, showing higher volatility than the market. The 50-day and 200-day moving average prices for MBIA are $7.20 and $7.57, respectively. Its yearly low hit $5.21, while the high reached $14.37.

MBIA's Dividend Payout

Notably, MBIA announced a dividend disbursed on December 22nd to shareholders listed as of December 18th, with an ex-dividend date noted as December 26th. The amount distributed was $8.00 per share.

Insider Moves and Institutional Interest

In a notable insider transaction, Director Richard C. Vaughan disposed of 12,000 MBIA shares, transacting at an average price of $6.31 which amounted to a total of $75,720.00. After the sale, Vaughan retained 88,184 shares, valued at approximately $556,441.04. This transaction was disclosed via a SEC filing. In addition, institutional investors hold a substantial 58.53% of MBIA's stock, with several funds making significant adjustments in their positions in recent times.

About MBIA

MBIA Inc. is recognized for issuing financial guarantees for municipal bonds in the United States, among other public finance markets. Its operations are diversified into segments such as U.S. Public Finance Insurance, Corporate, as well as International and Structured Finance Insurance.

Upgraded, Sell, MBIA