Insider Selling: Finance of America Companies (NYSE:FOA) President Sells $20,520.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $27.36, for a total transaction of $20,520.00. Following the sale, the president owned 126,262 shares of the company’s stock, valued at approximately $3,454,528.32. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Up 0.0%

Finance of America Companies stock opened at $27.47 on Friday. Finance of America Companies Inc. has a twelve month low of $15.77 and a twelve month high of $29.79. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The firm has a market cap of $244.24 million, a PE ratio of 68.69 and a beta of 1.62. The firm’s 50 day moving average price is $20.92 and its two-hundred day moving average price is $20.98.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. The company had revenue of $120.14 million during the quarter, compared to analyst estimates of $115.31 million. On average, research analysts predict that Finance of America Companies Inc. will post 4.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

Several institutional investors have recently bought and sold shares of FOA. Caitong International Asset Management Co. Ltd lifted its position in shares of Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies during the 3rd quarter valued at about $29,000. Charles Schwab Investment Management Inc. raised its stake in shares of Finance of America Companies by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $442,000 after acquiring an additional 1,397 shares in the last quarter. Barclays PLC raised its stake in shares of Finance of America Companies by 23.9% in the 4th quarter. Barclays PLC now owns 7,907 shares of the company’s stock valued at $191,000 after acquiring an additional 1,525 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after purchasing an additional 2,050 shares during the last quarter. 97.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings raised Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Zacks Research upgraded Finance of America Companies to a “hold” rating in a report on Monday, April 6th. B. Riley Financial started coverage on Finance of America Companies in a research note on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price target for the company. Finally, Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.