MKM Partners Maintains MBIA to Buy

Brokerage firm MKM Partners Maintains its rating on MBIA(NYSE:MBI). The shares have been rated Buy. The rating by MKM Partners was issued on Jun 16, 2016.

In a different note, Keefe Bruyette & Woods said it Initiates Coverage on MBIA, according to a research note issued on Apr 25, 2016. The shares have been rated ‘Market Perform’ by the firm.

MBIA (MBI) made into the market gainers list on Tuesdays trading session with the shares advancing 1.34% or 0.09 points. Due to strong positive momentum, the stock ended at $6.8, which is also near the day’s high of $6.84. The stock began the session at $6.7 and the volume stood at 20,03,399 shares. The 52-week high of the shares is $9.66 and the 52 week low is $4.94. The company has a current market capitalization of $934 M and it has 13,72,80,900 shares in outstanding.

MBIA(MBI) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $32.00M. Analysts had an estimated revenue of $91.20M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Dec 31, 2015, Joseph W Brown (Chief Executive Officer) sold 30,000 shares at $6.49 per share price.Also, 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 Company’s indirect wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Company’s 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). National’s guarantees insure municipal bonds including tax-exempt and taxable indebtedness of the United States political subdivisions.

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