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

Finance of America Companies Inc. (NYSE:FOA) Director Norma Corio purchased 4,300 shares of Finance of America Companies stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $25.61 per share, with a total value of $110,123.00. Following the completion of the transaction, the director now directly owns 16,580 shares of the company’s stock, valued at approximately $424,613.80. The trade was a 35.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Finance of America Companies Stock Performance

FOA opened at $26.21 on Wednesday. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. The business has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $10.97. 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 market capitalization of $260.16 million, a PE ratio of 2.24 and a beta of 1.22.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Finance of America Companies

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of Finance of America Companies by 2.7% during 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 during the last quarter. AQR Capital Management LLC acquired a new stake in Finance of America Companies in the second quarter valued at approximately $41,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Finance of America Companies during the second quarter worth $43,000. 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.