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MBIA ( MBI) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.6%. By the end of trading, MBIA fell $0.17 (-1.2%) to $13.70 on light volume. Throughout the day, 1,071,921 shares of MBIA exchanged hands as compared to its average daily volume of 5,758,100 shares. The stock ranged in price between $13.66-$13.95 after having opened the day at $13.93 as compared to the previous trading day's close of $13.87. Other companies within the Financial sector that declined today were: Siebert Financial Corporation ( SIEB), down 7.5%, Broadway Financial ( BYFC), down 7.1%, InnSuites Hospitality ( IHT), down 6.7% and Sussex Bancorp ( SBBX), down 6.7%. MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. MBIA has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 72.2% year to date as of the close of trading on Friday. Currently there are no analysts that rate MBIA a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates MBIA as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
