Insider Selling: Finance of America Companies (NYSE:FOA) CAO Sells $25,344.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CAO Tai Thornock sold 1,100 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $23.04, for a total value of $25,344.00. Following the sale, the chief accounting officer owned 11,750 shares in the company, valued at approximately $270,720. This represents a 8.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Finance of America Companies Stock Performance

NYSE:FOA opened at $22.80 on Friday. The business’s fifty day moving average is $22.81 and its 200 day moving average is $23.67. The firm has a market cap of $179.89 million, a price-to-earnings ratio of -8.57 and a beta of 1.62. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. Finance of America Companies Inc. has a 52-week low of $16.58 and a 52-week high of $32.40.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Friday, August 18th. The company reported $0.12 EPS for the quarter. Research analysts predict that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

FOA has been the topic of a number of analyst reports. UBS Group set a $29.50 target price on shares of Finance of America Companies and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.75.

Institutional Investors Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in Finance of America Companies in the 3rd quarter worth approximately $553,000. Caitong International Asset Management Co. Ltd raised its position in shares of Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after buying an additional 822 shares in the last quarter. Cooperman Leon G lifted its holdings in shares of Finance of America Companies by 0.8% during the 3rd quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock worth $28,846,000 after acquiring an additional 10,628 shares during the last quarter. Two Sigma Investments LP grew its position in Finance of America Companies by 239.3% in the third quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after acquiring an additional 62,687 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Finance of America Companies in the third quarter worth $475,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

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.