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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. MBIA ( MBI) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.1%. By the end of trading, MBIA fell $0.12 (-1.0%) to $11.64 on light volume. Throughout the day, 1,837,575 shares of MBIA exchanged hands as compared to its average daily volume of 3,008,900 shares. The stock ranged in price between $11.63-$11.98 after having opened the day at $11.94 as compared to the previous trading day's close of $11.76. Other companies within the Financial sector that declined today were: Vestin Realty Mortgage I ( VRTA), down 11.4%, iPath Pure Beta Precious Metals ETN ( BLNG), down 10.9%, Elbit Imaging ( EMITF), down 9.1% and UBS E-TRACS CMCI Livestock Total Return ETN ( UBC), down 8.7%. 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 Inc. MBIA has a market cap of $2.3 billion and is part of the insurance industry. Shares are up 49.8% year to date as of the close of trading on Tuesday. 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 robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
