Insider Selling: Finance of America Companies (NYSE:FOA) President Sells $18,135.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $24.18, for a total transaction of $18,135.00. Following the completion of the sale, the president directly owned 80,299 shares of the company’s stock, valued at approximately $1,941,629.82. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Finance of America Companies Stock Up 2.9%

Shares of FOA opened at $22.72 on Friday. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. The company has a 50-day simple moving average of $23.06 and a 200-day simple moving average of $23.78. Finance of America Companies Inc. has a 52 week low of $16.58 and a 52 week high of $30.60. The firm has a market capitalization of $179.26 million, a P/E ratio of -8.54 and a beta of 1.62.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Friday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter. On average, equities research analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FOA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. UBS Group set a $29.50 price objective on shares of Finance of America Companies and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FOA. Integrated Wealth Concepts LLC boosted its position in Finance of America Companies by 53.7% in the first quarter. Integrated Wealth Concepts LLC now owns 34,429 shares of the company’s stock valued at $732,000 after buying an additional 12,029 shares in the last quarter. AlphaQuest LLC bought a new stake in Finance of America Companies during the 2nd quarter worth approximately $64,000. Citizens Financial Group Inc. RI grew its position in Finance of America Companies by 12.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 27,000 shares of the company’s stock worth $630,000 after acquiring an additional 3,000 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Finance of America Companies during the 2nd quarter valued at $29,000. Finally, Tudor Investment Corp ET AL bought a new position in Finance of America Companies in the 3rd quarter valued at $553,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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.