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MBI

MBIA

$10.11

-0.21 (-2.03%)

16:18
03/01/17
03/01
16:18
03/01/17
16:18

MBIA reports Q4 operating EPS (5c), consensus 11c

Book value per share was $23.87 as of December 31, 2016 compared with $24.61 as of December 31, 2015. The decrease in book value per share since year-end 2015 was primarily due to the $324 million or $2.40 per share after-tax impairment recorded during the fourth quarter of 2016 associated with the sale of MBIA UK, partially offset by share repurchases that decreased common shares outstanding. Bill Fallon, MBIA Inc.'s President and COO said, "We are pleased with the growing acceptance of National as its new business production nearly tripled for 2016 versus last year. Regarding our financial results, while the sale of MBIA UK adversely impacted our consolidated GAAP results, it had no impact on our Combined Operating Income. The reduction in Combined Operating Income was primarily due to additions to our loss reserves and lower premium earnings that resulted from lower refunding activity and our decreasing unearned premiums at National."

  • 02

    Mar

MBI MBIA
$10.11

-0.21 (-2.03%)

04/25/16
KBWI
04/25/16
INITIATION
Target $8.5
KBWI
Market Perform
MBIA initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Chas Tyson started MBIA with a Market Perform rating and $8.50 price target. A potential restructuring of the company's Puerto Rico exposure and a potential default of its Zohar II exposure in January 2017 are "material" risks, Tyson tells investors in a research note.
04/25/16
04/25/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Medtronic (MDT) initiated with a Buy at SunTrust. 2. DURECT (DRRX) initiated with a Buy at Rodman & Renshaw with analyst Raghuram Selvaraju saying the company's epigenomic regulatory program could drive future upside. 3. MBIA (MBI) initiated with a Market Perform at Keefe Bruyette by analyst chas Tyson, who said a potential restructuring of the company's Puerto Rico exposure and a potential default of its Zohar II exposure in January 2017 are "material" risks. 4. Wayfair (W) initiated with a Neutral at JPMorgan with analyst Christopher Horvers saying that he has concerns about decelerating sales growth and higher spending in 2016. 5. Centene (CNC) initiated with an Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/30/17
MKMP
01/30/17
NO CHANGE
Target $15
MKMP
Buy
MBIA weakness a buying opportunity, says MKM Partners
MKM Partners analyst Harry Fong said MBIA shares are down 10% over the past several days likely to stories that Puerto Rico's electric utilities' restructuring agreement may need to be revised. Fong believes the restructuring will be completed as currently structured and would use the weakness in MBIA as a buying opportunity. The analyst rates MBIA a Buy with a $15 price target.

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BMY

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