Insider Selling: Finance of America Companies (NYSE:FOA) CIO Sells $118,080.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of Finance of America Companies stock in a transaction on Monday, May 18th. The stock was sold at an average price of $19.68, for a total value of $118,080.00. Following the transaction, the executive directly owned 220,968 shares of the company’s stock, valued at $4,348,650.24. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $21.39, for a total value of $111,826.92.
• On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $23.01, for a total value of $138,060.00.
• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total value of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Trading Up 4.5%

Shares of FOA stock opened at $19.49 on Friday. The firm has a 50-day moving average price of $19.16 and a 200 day moving average price of $21.33. Finance of America Companies Inc. has a twelve month low of $15.77 and a twelve month high of $29.58. The company has a market capitalization of $166.67 million, a price-to-earnings ratio of 48.73 and a beta of 1.69. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 43.57.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. The firm had revenue of $120.14 million during the quarter, compared to the consensus estimate of $115.31 million. Research analysts forecast that Finance of America Companies Inc. will post 4.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FOA. Caitong International Asset Management Co. Ltd increased its stake in shares of Finance of America Companies by 183.9% during the 3rd 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 during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies during the 3rd quarter valued at about $29,000. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $49,000 after acquiring an additional 2,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Finance of America Companies during the 2nd quarter valued at about $57,000. Finally, Bank of America Corp DE increased its stake in shares of Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after acquiring an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. B. Riley Financial assumed coverage on shares of Finance of America Companies in a research note on Thursday, April 2nd. They issued a “buy” rating and a $22.50 target price for the company. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Finance of America Companies presently has an average rating of “Hold” and a consensus price target of $26.00.

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.