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 on Tuesday, September 1st. The shares were sold at an average price of $17.55, for a total transaction of $13,162.50. Following the completion of the transaction, the president directly owned 124,762 shares of the company’s stock, valued at $2,189,573.10. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Price Performance

Shares of FOA opened at $17.12 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 60.78. The company’s fifty day simple moving average is $22.76 and its 200 day simple moving average is $20.67. Finance of America Companies Inc. has a 1-year low of $15.77 and a 1-year high of $29.79. The company has a market cap of $296.35 million, a price-to-earnings ratio of -5.69 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The firm had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. On average, research analysts forecast that Finance of America Companies Inc. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOA has been the subject of a number of research analyst reports. Weiss Ratings cut Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating and issued a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research note on Wednesday, August 5th. Wall Street Zen raised Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Alliance Global Partners started coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price for the company. Finally, Zacks Research lowered Finance of America Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FOA. California State Teachers Retirement System raised its holdings in Finance of America Companies by 440.4% in the 2nd quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock valued at $41,000 after acquiring an additional 1,211 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Finance of America Companies in the second quarter valued at approximately $240,000. First Trust Advisors LP grew its position in shares of Finance of America Companies by 43.7% in the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after purchasing an additional 5,236 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Finance of America Companies by 56.7% in 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 during the last quarter. Finally, Purpose Unlimited Inc. bought a new position in shares of Finance of America Companies during the fourth quarter worth approximately $2,325,000. Institutional investors and hedge funds 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.