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

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $23.61, for a total value of $17,707.50. Following the completion of the transaction, the president owned 125,512 shares in the company, valued at approximately $2,963,338.32. The trade was a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Trading Down 6.1%

NYSE FOA opened at $22.31 on Thursday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.79. The business has a 50 day moving average price of $22.88 and a 200-day moving average price of $21.12. The company has a market cap of $198.34 million, a price-to-earnings ratio of -7.41 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $62.48 million during the quarter, compared to the consensus estimate of $121.94 million. Finance of America Companies had a positive return on equity of 28.51% and a negative net margin of 0.10%. As a group, equities analysts expect that Finance of America Companies Inc. will post 4.44 earnings per share for the current fiscal year.

Trending Headlines about Finance of America Companies

Here are the key news stories impacting Finance of America Companies this week:

• Positive Sentiment: B. Riley Financial reaffirmed its buy rating and raised its price target to $32 from $25, implying significant potential upside from recent trading levels. B. Riley raises Finance of America price target
• Positive Sentiment: FOA reported second-quarter adjusted earnings of $0.84 per share, up from $0.55 a year earlier, indicating year-over-year earnings growth despite missing analyst expectations. Finance of America second-quarter earnings report
• Neutral Sentiment: President Kristen N. Sieffert sold 750 shares for approximately $17,708 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced her ownership by only 0.59%, making it a limited and less actionable insider signal. FOA insider transaction filing
• Negative Sentiment: Second-quarter EPS of $0.84 missed consensus estimates of approximately $1.04–$1.09. Revenue was $62.48 million, far below the $121.94 million analyst expectation, creating the primary near-term pressure on FOA shares. Finance of America second-quarter results

Analysts Set New Price Targets

FOA has been the topic of several recent research reports. B. Riley Financial reaffirmed a “buy” rating and issued a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday. Alliance Global Partners assumed coverage on shares of Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price target on the stock. Wall Street Zen cut shares of Finance of America Companies from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Beach Point Capital Management LP boosted its stake in Finance of America Companies by 557.5% during the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock valued at $19,111,000 after buying an additional 669,336 shares during the period. Invesco Ltd. purchased a new position in shares of Finance of America Companies during the third quarter worth about $3,147,000. Purpose Unlimited Inc. purchased a new position in shares of Finance of America Companies during the fourth quarter worth about $2,325,000. Russell Investments Group Ltd. increased its position in shares of Finance of America Companies by 5,866.5% in the fourth quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock worth $1,875,000 after purchasing an additional 76,147 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Finance of America Companies by 239.3% in the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after buying an additional 62,687 shares during the last quarter. 97.20% of the stock is 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.