MBIA (MBI) Given Daily Coverage Optimism Rating of 0.13

Media stories about MBIA (NYSE:MBI) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MBIA earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.2797145139767 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of MBIA (NYSE MBI) opened at $7.73 on Friday. MBIA has a 52 week low of $6.04 and a 52 week high of $11.65. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $743.58, a P/E ratio of -0.53 and a beta of 2.47.

MBIA (NYSE:MBI) last released its quarterly earnings results on Tuesday, November 7th. The insurance provider reported ($0.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($1.01). The firm had revenue of $33.00 million during the quarter, compared to analyst estimates of $85.85 million. During the same period in the previous year, the business earned $0.23 EPS. MBIA’s revenue was down 83.7% on a year-over-year basis.

MBIA announced that its board has approved a stock buyback program on Tuesday, November 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have recently commented on MBI. BTIG Research restated a “buy” rating and set a $14.00 price target on shares of MBIA in a research note on Wednesday, September 6th. ValuEngine upgraded MBIA from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, MKM Partners restated a “buy” rating on shares of MBIA in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. MBIA currently has an average rating of “Buy” and an average price target of $14.50.

In other MBIA news, Director Joseph W. Brown acquired 50,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of $7.25 per share, for a total transaction of $362,500.00. Following the completion of the transaction, the director now owns 2,399,634 shares of the company’s stock, valued at approximately $17,397,346.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.11% of the company’s stock.

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About MBIA

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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