MBIA (MBI) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $0.12 EPS for the quarter. Analysts had a consensus estimate of $0.12. The company posted revenue of $118.00 million in the period, compared to analysts expectations of $124.55 million. The company’s revenue was down -51.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
MBIA opened for trading at $8.34 and hit $8.54 on the upside on Friday, eventually ending the session at $8.53, with a gain of 2.90% or 0.24 points. The heightened volatility saw the trading volume jump to 10,94,560 shares. Company has a market cap of $1,171 M.
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.