Finance of America Companies (NYSE:FOA) Stock Price Down 8.7% – Time to Sell?

Finance of America Companies Inc. (NYSE:FOA)’s share price traded down 8.7% on Monday . The company traded as low as $18.37 and last traded at $19.1160. 145,583 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 70,025 shares. The stock had previously closed at $20.93.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FOA shares. UBS Group set a $29.50 price objective on Finance of America Companies and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Finance of America Companies presently has a consensus rating of “Hold” and an average price target of $29.75.

Finance of America Companies Trading Down 8.7%

The firm has a market cap of $150.83 million, a price-to-earnings ratio of -7.19 and a beta of 1.62. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. The company has a 50 day moving average price of $22.99 and a 200 day moving average price of $23.71.

Insider Buying and Selling at Finance of America Companies

In other Finance of America Companies news, CAO Tai A. Thornock sold 1,100 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $24.58, for a total transaction of $27,038.00. Following the completion of the transaction, the chief accounting officer owned 10,650 shares of the company’s stock, valued at $261,777. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the completion of the sale, the insider directly owned 2,161 shares in the company, valued at $21,610. This trade represents a 99.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,195,984 shares of company stock valued at $32,010,982 over the last 90 days. 25.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after acquiring an additional 822 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Finance of America Companies in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new stake in shares of Finance of America Companies during the 3rd quarter worth $29,000. JPMorgan Chase & Co. lifted its position 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 worth $49,000 after purchasing an additional 2,050 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Finance of America Companies during the second quarter worth $57,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.

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.