Insider Selling: Finance of America Companies Inc. (NYSE:FOA) Director Sells 6,750 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) Director Lance West sold 6,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.00, for a total transaction of $141,750.00. Following the sale, the director now directly owns 23,245 shares of the company’s stock, valued at approximately $488,145. This represents a 22.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lance West also recently made the following trade(s):

• On Wednesday, December 4th, Lance West sold 13,637 shares of Finance of America Companies stock. The shares were sold at an average price of $20.71, for a total transaction of $282,422.27.

Finance of America Companies Stock Performance

Finance of America Companies stock opened at $21.98 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm has a 50-day moving average price of $15.61 and a two-hundred day moving average price of $10.29. The firm has a market capitalization of $218.12 million, a price-to-earnings ratio of 1.88 and a beta of 1.22. Finance of America Companies Inc. has a 52-week low of $4.10 and a 52-week high of $27.89.

Finance of America Companies (NYSE:FOA) last posted its earnings results on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54. The firm had revenue of $290.07 million during the quarter, compared to analyst estimates of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same period in the previous year, the business posted ($1.40) EPS. Sell-side analysts expect that Finance of America Companies Inc. will post 0.11 earnings per share for the current year.

Institutional Trading of Finance of America Companies

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Finance of America Companies in the 2nd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Finance of America Companies in the 2nd quarter worth approximately $43,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Finance of America Companies by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after acquiring an additional 3,000 shares during the period. 97.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Finance of America Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $24.00 in a research note on Wednesday, November 20th.

Finance of America Companies Company Profile

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.