Insider Selling: Finance of America Companies (NYSE:FOA) President Sells $16,395.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of Finance of America Companies stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $21.86, for a total transaction of $16,395.00. Following the completion of the sale, the president owned 81,799 shares of the company’s stock, valued at approximately $1,788,126.14. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Finance of America Companies Price Performance

NYSE:FOA traded up $1.02 during trading hours on Wednesday, reaching $22.96. 191,435 shares of the company were exchanged, compared to its average volume of 118,624. The company has a market capitalization of $254.40 million, a P/E ratio of 3.76 and a beta of 1.52. The company has a debt-to-equity ratio of 39.38, a current ratio of 2.69 and a quick ratio of 2.69. The business has a 50 day moving average of $23.77 and a 200 day moving average of $23.18. Finance of America Companies Inc. has a 1-year low of $13.43 and a 1-year high of $32.40.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group reissued a “neutral” rating and issued a $25.00 target price (up from $22.50) on shares of Finance of America Companies in a report on Tuesday, July 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Finance of America Companies in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Finance of America Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Finance of America Companies currently has an average rating of “Hold” and a consensus target price of $27.50.

Institutional Investors Weigh In On Finance of America Companies

Several hedge funds have recently modified their holdings of FOA. Cooperman Leon G lifted its holdings in Finance of America Companies by 11.2% in the first quarter. Cooperman Leon G now owns 1,202,187 shares of the company’s stock valued at $25,558,000 after buying an additional 120,692 shares during the period. Bastion Asset Management Inc. lifted its stake in shares of Finance of America Companies by 17.3% in the 1st quarter. Bastion Asset Management Inc. now owns 219,379 shares of the company’s stock valued at $4,925,000 after purchasing an additional 32,389 shares during the period. Geode Capital Management LLC boosted its position in shares of Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after purchasing an additional 54,429 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Finance of America Companies by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 88,554 shares of the company’s stock valued at $2,065,000 after purchasing an additional 2,636 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Finance of America Companies by 681.8% during the second quarter. Bank of America Corp DE now owns 42,209 shares of the company’s stock worth $984,000 after purchasing an additional 36,810 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.