Finance of America Companies Inc. (NYSE:FOA) Receives Average Rating of “Hold” from Analysts

Finance of America Companies Inc. (NYSE:FOA) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.3333.

Several equities research analysts have recently weighed in on FOA shares. Wall Street Zen raised Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Monday, April 6th. B. Riley Financial began coverage on shares of Finance of America Companies in a research report on Thursday, April 2nd. They set a “buy” rating and a $22.50 target price on the stock. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Finally, Alliance Global Partners began coverage on shares of Finance of America Companies in a report on Wednesday. They issued a “buy” rating and a $30.00 price target for the company.

Finance of America Companies Price Performance

NYSE FOA opened at $23.01 on Wednesday. The stock has a 50-day simple moving average of $22.04 and a 200 day simple moving average of $21.13. Finance of America Companies has a twelve month low of $15.77 and a twelve month high of $29.79. The stock has a market capitalization of $204.62 million, a PE ratio of 57.53 and a beta of 1.62. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62.

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

Insider Activity at Finance of America Companies

In other news, CIO Jeremy Prahm sold 8,860 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $20.49, for a total transaction of $181,541.40. Following the completion of the transaction, the executive owned 203,856 shares of the company’s stock, valued at approximately $4,177,009.44. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,838 shares of company stock worth $431,968 over the last three months. 35.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beach Point Capital Management LP raised its holdings in 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 valued at $19,111,000 after acquiring an additional 669,336 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Finance of America Companies during the 3rd quarter worth approximately $3,147,000. Purpose Unlimited Inc. acquired a new stake in shares of Finance of America Companies during the 4th quarter worth approximately $2,325,000. Russell Investments Group Ltd. increased its position in shares of Finance of America Companies by 5,866.5% during the fourth quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock valued at $1,875,000 after purchasing an additional 76,147 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Finance of America Companies by 239.3% during the third quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock valued at $1,994,000 after purchasing an additional 62,687 shares during the period. 97.20% of the stock is currently owned by 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.