Recent Insider Trading: MBIA, Inc. $MBI

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MBIA, Inc. (NYSE:MBI) insider have most recently took part in a trading activity. On Jun 28, 2017 Rinehart Charles R, Director bought 40,000 shares having total worth of $370,000 at the price of $9.25 per share, following the transaction a total of 212,592 shares owned by Rinehart Charles R.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 5 times by insiders. In 3 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 -8.88%
12 Month 2 3 52.37%

Shares of MBIA, Inc. (NYSE:MBI) traded up 1.52% on Jun 29, 2017, hitting $9.34. 1,644,956 shares of the company’s stock traded hands. MBIA, Inc. has a 52 week low of $5.75 and a 52 week high of $11.49. The company’s market cap is $1,020 million.

MBIA, Inc. (NYSE:MBI) last announced its earnings results on May 10, 2017. The company reported 0.07 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.06 by $0.01. The company had revenue of $49 million for the quarter, compared to the consensus estimate of $65 million. During the same quarter in the previous year, the company posted 0.12 earnings per share. The company’s revenue for the quarter was up 53% on a year-over-year basis.

2017-05-10 2017-03-01 2016-11-08 2016-08-08 2016-05-09 2016-02-29 2015-11-04 2015-08-04 2015-05-11 2015-03-02
earnings per share 0.07 -0.05 0.04 0.12 0.12 0.07 0.15 0.11 0.37 0.10
Revenue(M) 49 75 77 73 32 96 92 91 219 104

MBIA Inc. was incorporated as a business corporation under the laws of the state of Connecticut in 1986. The Company provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services, for the public and structured finance markets, and asset management advisory services, on a global basis. These activities are managed through three business segments: United States public finance insurance, structured finance and international insurance, and investment advisory services. The Company also manages certain business activities through its corporate, asset/liability products, and conduit segments. Corporate segment includes revenues and expenses that arise from general corporate activities. Its financial guarantee insurance generally provides investors with an unconditional and irrevocable guarantee of the payment of the principal, interest or other amounts owing on insured obligations when due. It conducts its financial guarantee business, as well as related reinsurance, advisory and portfolio services, through its wholly-owned subsidiaries National Public Finance Guarantee Corporation, its United States public finance only financial guarantee company, and MBIA Insurance Corporation, which together with its subsidiaries, write global structured finance and non-U.S. public finance financial guarantee insurance. It conducts its investment management business through wholly-owned subsidiaries of Cutwater Holdings, LLC, formerly known as MBIA Asset Management, LLC. Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis. The Company offers these services to public, corporate and financial services clients, including the Company and its subsidiaries. Cutwater also manages asset/liability products and conduit programs, which are being wound down. In addition to implementing these initiatives, it has expanded the services offered by its businesses through reinsurance and financial advisory transactions. The Company plans to continue to evaluate opportunities to participate in the structured finance and international markets in the future as such opportunities arise. Its insurance companies compete with other monoline insurance companies, as well as other forms of credit enhancement, in writing financial guarantee business.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.