Why MBIA (MBI) Is Rising Today

NEW YORK (TheStreet) -- MBIA (MBI) was gaining 8% to $14.39 Tuesday after greatly exceeding analysts' earnings estimates for the fourth quarter.

The insurance company posted earnings of 68 cents a share for the fourth quarter. That's 62 cents higher than the 6 cents a share analysts surveyed by Thomson Reuters expected for the quarter. MBIA posted revenue of $109 million for the quarter, beating analysts' estimates of $102.2 million.

"During 2013, we made very substantial progress towards moving beyond the effects of the financial crisis," MBIA president and CFO Chuck Chaplin said in a statement.

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TheStreet Ratings team rates MBIA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate MBIA INC (MBI) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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