Shares of MBIA (MBI) have gained 67.2% over the past four weeks to close the last trading session at $6.89, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.83 indicates a potential upside of 28.2%.The average comprises three short-term price targets ranging from a low of $4.50 to a high of $13, with a standard deviation of $4.25. While the lowest estimate indicates a decline ...

MBIA (MBI) closed the last trading session at $5.98, gaining 53.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8 indicates a 33.8% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $4.44. While the lowest estimate of $4.50 indicates a 24.8% decline from the current price level, the most optimistic analyst expects the stock ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MBI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am also an Assured Guaranty (AGO) shareholderSeeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendatio ...

MBIA Inc. (NYSE:MBI) Q3 2024 Earnings Conference Call November 8, 2024 8:00 AM ET Company Participants Greg Diamond - Managing Director, Investor and Media Relations Bill Fallon - Chief Executive Officer Joe Schachinger - Executive Vice President and Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW Jordan Hymowitz - Philadelphia Financial John Staley - Staley Capital Advisors Operator Welcome to the MBIA Inc. Third Quarter 2024 Financial Results Conference Call. I would now like to t ...

MBIA (MBI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $2.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.09 per share when it actually produced a loss of $2.90, delivering a surprise of -3,122.22%.Over the last four quarters, the compa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09583 MBIA INC. (Exact name of registrant as specified in its charter) Connecticut (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Connecticut 001-09583 06-1185706 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock MBI New York Stock Exchange FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 07, 2024 MBIA Inc. (Exact ...

Financial Data and Key Metrics Changes - The company reported a consolidated GAAP net loss of $254 million, or a negative $5.34 per share for Q2 2024, compared to a net loss of $74 million, or a negative $1.46 per share for Q2 2023 [8][10] - The adjusted net loss for Q2 2024 was $138 million, or a negative $2.90 per share, compared to an adjusted net loss of $22 million, or negative $0.45 per share for Q2 2023 [10] - The book value per share decreased by $6.51 to a negative $39.07 as of June 30, 2024, from a negative $32.56 as of December 31, 2023 [10] Business Line Data and Key Metrics Changes - National reported a statutory net loss of $131 million for Q2 2024, compared to a statutory net loss of $11 million for Q2 2023, primarily driven by higher loss in LAE related to PREPA [12] - MBIA Insurance Corp. reported a statutory net loss of $35 million for Q2 2024, compared to zero net income for Q2 2023, driven by losses in LAE on Zohar-related salvage [14] Market Data and Key Metrics Changes - The gross par amount outstanding for National's insured portfolio declined by approximately $1.4 billion from year-end 2023 to $27 billion at the end of Q2 2024 [7][13] - National's statutory capital as of June 30, 2024, was $969 million, down $148 million compared to December 31, 2023 [12] Company Strategy and Development Direction - The company believes a consensual resolution regarding PREPA is in the best interest of all parties involved, but this requires a change in the Oversight Board's approach [6][7] - The company is focused on reducing operating expenses and has committed to measures that will continue to bring those expenses down over the next year [29] Management's Comments on Operating Environment and Future Outlook - Management expressed frustration over the prolonged resolution process for PREPA, noting that it has been a long-standing issue with many parties involved [18][19] - The company is aligned with the majority of bondholders and believes that court decisions may ultimately influence the resolution of the PREPA situation [21][24] Other Important Information - The Corporate Segment had total assets of approximately $657 million as of June 30, 2024, with unencumbered and liquid assets totaling $315 million [11] - The company spent approximately $62 million on retiring GFL euro-denominated medium-term note liabilities before their maturities [11] Q&A Session Summary Question: Why is PREPA unresolved compared to other Puerto Rican exposures? - Management explained that while three out of four large credits in Puerto Rico have been resolved, PREPA has faced unique challenges, including a lack of approval from the Oversight Board for a prior agreement [18][19] Question: What is the Oversight Board's issue with PREPA? - Management indicated that the Oversight Board's position complicates the resolution process, and it may require court intervention for clarification [21][24] Question: Is there still $70 million remaining under the repurchase authorization? - Yes, there is still about $70 million remaining under the repurchase authorization [25] Question: Will the company begin to buy back stock? - Management stated they are evaluating liquidity and obligations before deciding on stock buybacks [26] Question: Can operating expenses be expected to decrease? - Management confirmed they are focused on reducing operating expenses and have seen a downward trend [29] Question: What is the status of LCOR Alexandria? - Management noted that LCOR Alexandria is classified as a credit and they have a plan in place to resolve it without material impact on the company [33] Question: Is the company exploring opportunities in the synthetic risk transfer market? - Management acknowledged awareness of the synthetic market and is open to beneficial opportunities for shareholders [35]

MBIA (MBI) came out with a quarterly loss of $2.90 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3,122.22%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.06 per share when it actually produced a loss of $0.52, delivering a surprise of -766.67%.Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Connecticut 001-09583 06-1185706 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock MBI New York Stock Exchange FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 06, 2024 MBIA Inc. (Exact na ...