Finance of America Companies Inc. (NYSE:FOA) Director Norma Corio Buys 4,300 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) Director Norma Corio bought 4,300 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $25.61 per share, for a total transaction of $110,123.00. Following the completion of the acquisition, the director now directly owns 16,580 shares of the company’s stock, valued at approximately $424,613.80. This represents a 35.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Finance of America Companies Trading Up 2.4 %

Shares of NYSE FOA opened at $24.84 on Tuesday. The firm’s 50 day moving average price is $16.78 and its 200-day moving average price is $10.82. Finance of America Companies Inc. has a 52-week low of $4.10 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The company has a market cap of $246.66 million, a PE ratio of 2.12 and a beta of 1.22.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.54. The business had revenue of $290.07 million for the quarter, compared to analysts’ expectations of $72.00 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. During the same period in the prior year, the firm posted ($1.40) EPS. On average, equities research analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new stake in Finance of America Companies in the 2nd quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Finance of America Companies in the second quarter worth approximately $43,000. Finally, Renaissance Technologies LLC grew its stake in shares of Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after acquiring an additional 3,000 shares during the period. 97.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered Finance of America Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $14.00 to $24.00 in a research report on Wednesday, November 20th.

Finance of America Companies Company Profile

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.