Finance of America Companies Inc. (NYSE:FOA – Get Free Report) major shareholder Edmond Safra acquired 75,000 shares of Finance of America Companies stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $17.67 per share, with a total value of $1,325,250.00. Following the purchase, the insider owned 520,188 shares of the company’s stock, valued at $9,191,721.96. This represents a 16.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Finance of America Companies Price Performance
NYSE FOA traded up $0.80 on Friday, hitting $22.46. The stock had a trading volume of 2,798 shares, compared to its average volume of 78,975. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.58. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market capitalization of $199.67 million, a price-to-earnings ratio of 55.39 and a beta of 1.67. The firm has a 50-day moving average of $20.38 and a 200-day moving average of $20.80.
Finance of America Companies (NYSE:FOA – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.26. The firm had revenue of $120.14 million during the quarter, compared to analyst estimates of $115.31 million. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. Equities analysts expect that Finance of America Companies Inc. will post 4.59 EPS for the current year.
Institutional Investors Weigh In On Finance of America Companies
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Weiss Ratings upgraded Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Zacks Research raised Finance of America Companies to a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, 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 on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.
View Our Latest Analysis on Finance of America Companies
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.
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