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

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) Director Norma Corio purchased 4,300 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $25.61 per share, with a total value 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 trade represents a 35.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Finance of America Companies Price Performance

FOA stock traded up $0.58 during midday trading on Monday, reaching $24.84. The company had a trading volume of 169,632 shares, compared to its average volume of 35,366. The firm has a 50-day moving average price of $16.78 and a 200-day moving average price of $10.82. The company has a market capitalization of $246.66 million, a P/E ratio of 2.12 and a beta of 1.22. Finance of America Companies Inc. has a 1 year low of $4.10 and a 1 year high of $27.89. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same period in the prior year, the business posted ($1.40) earnings per share. On average, research analysts anticipate that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Finance of America Companies during the 2nd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies during the second quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC boosted its position in shares of Finance of America Companies by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company's stock worth $55,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 97.20% of the company's stock.

About Finance of America Companies

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.