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

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

Finance of America Companies Trading Down 1.3%

NYSE FOA opened at $22.56 on Wednesday. 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 market capitalization of $177.98 million, a price-to-earnings ratio of -8.48 and a beta of 1.62. The company’s 50-day simple moving average is $23.03 and its two-hundred day simple moving average is $23.80. Finance of America Companies Inc. has a one year low of $16.58 and a one year high of $32.40.

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

Hedge Funds Weigh In On Finance of America Companies

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after acquiring an additional 822 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Finance of America Companies in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new position in Finance of America Companies in the 3rd quarter valued at $29,000. Citizens Financial Group Inc. RI boosted its stake in Finance of America Companies by 5.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company’s stock worth $639,000 after purchasing an additional 1,500 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Finance of America Companies by 4,270.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

FOA has been the topic of a number of analyst reports. UBS Group set a $29.50 price objective on shares of Finance of America Companies and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Finance of America Companies has an average rating of “Hold” and an average price target of $29.75.

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.