Finance of America Companies (NYSE:FOA) CAO Tai Thornock Sells 1,100 Shares

Finance of America Companies Inc. (NYSE:FOA) CAO Tai Thornock sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.04, for a total value of $25,344.00. Following the transaction, the chief accounting officer owned 11,750 shares in the company, valued at $270,720. This represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Finance of America Companies Price Performance

FOA stock opened at $23.08 on Friday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 51.28. The company has a market capitalization of $182.12 million, a P/E ratio of -8.68 and a beta of 1.62. The business has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $23.64. Finance of America Companies Inc. has a twelve month low of $16.58 and a twelve month high of $32.40.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Friday, August 18th. The company reported $0.12 EPS for the quarter. As a group, equities analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Finance of America Companies

A number of large investors have recently modified their holdings of FOA. Cooperman Leon G lifted its holdings in shares of Finance of America Companies by 0.8% in the 3rd quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock valued at $28,846,000 after buying an additional 10,628 shares during the period. Invesco Ltd. purchased a new stake in shares of Finance of America Companies during the 3rd quarter worth $3,147,000. Geode Capital Management LLC boosted its position in shares of Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock worth $3,188,000 after purchasing an additional 54,429 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after purchasing an additional 62,687 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Finance of America Companies by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 88,554 shares of the company’s stock valued at $2,065,000 after purchasing an additional 2,636 shares in the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.