Finance of America Companies (NYSE:FOA) Stock Price Down 4.5% - Should You Sell?

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) shares fell 4.5% during trading on Friday . The stock traded as low as $24.17 and last traded at $24.55. 105,581 shares traded hands during trading, a decline of 39% from the average session volume of 171,919 shares. The stock had previously closed at $25.71.

Analysts Set New Price Targets

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

Finance of America Companies Stock Down 0.7 %

The company has a market capitalization of $241.10 million, a price-to-earnings ratio of 2.08 and a beta of 1.10. 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 business's 50 day moving average is $26.09 and its 200 day moving average is $16.76.

Insider Buying and Selling at Finance of America Companies

In other Finance of America Companies news, Director Lance West sold 6,750 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.00, for a total value of $141,750.00. Following the sale, the director now directly owns 23,245 shares of the company's stock, valued at approximately $488,145. This trade represents a 22.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norma Corio purchased 4,300 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 16,580 shares in the company, valued at $424,613.80. This represents a 35.02 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 43,632 shares of company stock worth $937,887. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Finance of America Companies

Several institutional investors have recently modified their holdings of FOA. AQR Capital Management LLC acquired a new position in shares of Finance of America Companies during the second quarter valued at approximately $41,000. Renaissance Technologies LLC lifted its holdings in Finance of America Companies by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company's stock valued at $55,000 after purchasing an additional 3,000 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Finance of America Companies during the 4th quarter worth $562,000. American Century Companies Inc. purchased a new stake in shares of Finance of America Companies during the fourth quarter worth $781,000. Finally, Nkcfo LLC acquired a new stake in shares of Finance of America Companies in the fourth quarter valued at about $815,000. Institutional investors and hedge funds 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.