Finance of America Companies (NYSE:FOA) President Kristen Sieffert Sells 750 Shares

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the business’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 value of $20,520.00. Following the transaction, the president directly owned 126,262 shares in the company, valued at approximately $3,454,528.32. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Trading Down 1.5%

FOA stock opened at $27.47 on Friday. Finance of America Companies Inc. has a one year low of $15.77 and a one year high of $29.79. The stock has a market cap of $244.30 million, a price-to-earnings ratio of 68.69 and a beta of 1.62. The company has a fifty day moving average price of $20.82 and a two-hundred day moving average price of $20.93. The company has a debt-to-equity ratio of 43.57, a current ratio of 2.62 and a quick ratio of 2.62.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Finance of America Companies

A number of institutional investors have recently bought and sold shares of FOA. Beach Point Capital Management LP increased its stake in Finance of America Companies by 557.5% during the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after acquiring an additional 669,336 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Finance of America Companies by 1,815.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,194 shares of the company’s stock worth $902,000 after acquiring an additional 38,096 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Finance of America Companies during the 3rd quarter worth approximately $553,000. Purpose Unlimited Inc. acquired a new stake in shares of Finance of America Companies during the 4th quarter worth approximately $2,325,000. Finally, Palisades Investment Partners LLC bought a new position in Finance of America Companies in the fourth quarter valued at approximately $201,000. Institutional investors own 97.20% of the company’s stock.

About Finance of America Companies

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.