MBIA (MBI) was Initiated by Keefe Bruyette to “Mkt Perform” and the brokerage firm has set the Price Target at $8.50. Keefe Bruyette advised their investors in a research report released on Apr 25, 2016.
On the company’s financial health, MBIA reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 29, 2016. Analyst had a consensus of $0.11. The company had revenue of $297.00 million for the quarter, compared to analysts expectations of $124.30 million. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
MBIA closed down -0.05 points or -0.59% at $8.39 with 11,74,046 shares getting traded on Friday. Post opening the session at $8.43, the shares hit an intraday low of $8.35 and an intraday high of $8.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Dec 31, 2015, Joseph W Brown (Chief Executive Officer) sold 30,000 shares at $6.49 per share price. According to the SEC, on Dec 30, 2015, Keith D. Curry (director) purchased 5,000 shares at $6.57 per share price. On Aug 14, 2015, Sean Carney (director) sold 1.8372876E7 shares at $6.39 per share price, according to the Form-4 filing with the securities and exchange commission.
MBIA Inc. (MBIA) is a holding company. Through its subsidiary the Company provides financial guarantee insurance to the United States public finance markets. The Companys indirect wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Companys operating segments includes United States (U.S.) public finance insurance; international and structured finance insurance; corporate and advisory services. The U.S. public finance insurance business is operated through National Public Finance Guarantee Corporation and its subsidiaries (National). The international and structured finance insurance business is operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The asset management and advisory services business is operated through Cutwater Holdings LLC and its subsidiaries (Cutwater). Nationals guarantees insure municipal bonds including tax-exempt and taxable indebtedness of the United States political subdivisions.