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

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $27.36, for a total value of $20,520.00. Following the completion of the sale, the president directly owned 126,262 shares in the company, valued at $3,454,528.32. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Trading Down 1.5%

FOA traded down $0.43 during midday trading on Thursday, reaching $27.47. 63,521 shares of the company’s stock traded hands, compared to its average volume of 80,818. The firm has a fifty day moving average of $20.71 and a two-hundred day moving average of $20.90. The stock has a market capitalization of $244.24 million, a price-to-earnings ratio of 68.69 and a beta of 1.62. 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 Inc. has a 52 week low of $15.77 and a 52 week high of $29.79.

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

Institutional Trading of Finance of America Companies

A number of hedge funds have recently modified their holdings of FOA. Beach Point Capital Management LP increased its stake in shares of Finance of America Companies by 557.5% in 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in Finance of America Companies by 1,815.8% during the third quarter. JPMorgan Chase & Co. now owns 40,194 shares of the company’s stock worth $902,000 after acquiring an additional 38,096 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Finance of America Companies in the third quarter worth about $553,000. Purpose Unlimited Inc. purchased a new stake in Finance of America Companies in the fourth quarter worth about $2,325,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after purchasing an additional 36,929 shares in the last quarter. Institutional investors own 97.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FOA. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, B. Riley Financial started coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price objective for the company. One investment 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.