Finance of America Companies (NYSE:FOA) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Finance of America Companies (NYSE:FOA) has received a "Sell (D+)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• Despite a recent quarterly earnings report, where the company missed earnings expectations, finance analysts maintain a consensus rating of "Hold" with an average price target of $27.50.
• Insider trading activity includes the sale of 1,100 shares by the CAO, which reduced their ownership by 6.81%, highlighting significant insider movements within the company.

Finance of America Companies (NYSE:FOA - Get Free Report)'s stock had its "sell (d+)" rating reissued by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently issued reports on the company. UBS Group reaffirmed a "neutral" rating and set a $25.00 price objective (up previously from $22.50) on shares of Finance of America Companies in a report on Tuesday, July 15th. Wall Street Zen cut shares of Finance of America Companies from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Finance of America Companies currently has an average rating of "Hold" and an average price target of $27.50.

Finance of America Companies Trading Up 2.1%

Shares of FOA opened at $22.46 on Wednesday. Finance of America Companies has a 12-month low of $10.00 and a 12-month high of $32.40. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 39.38. The firm has a market capitalization of $248.86 million, a price-to-earnings ratio of 3.68 and a beta of 1.50. The stock's 50-day moving average price is $25.20 and its 200 day moving average price is $22.85.

Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $177.38 million during the quarter, compared to analysts' expectations of $97.05 million. As a group, research analysts predict that Finance of America Companies will post 0.75 earnings per share for the current year.

Insider Transactions at Finance of America Companies

In related news, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $25.87, for a total value of $28,457.00. Following the transaction, the chief accounting officer directly owned 15,050 shares of the company's stock, valued at $389,343.50. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 25.00% of the stock is owned by company insiders.

Institutional Trading of Finance of America Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd lifted its holdings in Finance of America Companies by 161.4% in the first quarter. XTX Topco Ltd now owns 19,830 shares of the company's stock valued at $422,000 after buying an additional 12,243 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Finance of America Companies by 53.7% in the first quarter. Integrated Wealth Concepts LLC now owns 34,429 shares of the company's stock valued at $732,000 after buying an additional 12,029 shares during the period. American Century Companies Inc. lifted its holdings in Finance of America Companies by 209.5% in the first quarter. American Century Companies Inc. now owns 85,918 shares of the company's stock valued at $1,827,000 after buying an additional 58,156 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in Finance of America Companies by 107.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 23,400 shares of the company's stock valued at $497,000 after buying an additional 12,100 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Finance of America Companies in the first quarter valued at $229,000. Institutional investors own 97.20% of the company's stock.

Finance of America Companies Company Profile

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.

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