Edmond Safra Buys 75,000 Shares of Finance of America Companies
The purchase, valued at $1.33 million, was made on March 16, 2026.
Key Points
- Edmond Safra purchased 75,000 shares of Finance of America Companies at $17.67 each, totaling $1.33 million on March 16, 2026.
- Shares of NYSE:FOA traded near $21.66 on Friday, with a market cap of $192.6 million and a P/E ratio of 9.58.
- B. Riley Securities initiated coverage with a buy rating and a $22.5 target, while insiders, including Safra, actively traded shares.
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Edmond Safra made a significant move by purchasing 75,000 shares of Finance of America Companies Inc. (NYSE:FOA) on March 16, 2026. The shares were bought at an average price of $17.67, amounting to a total investment of $1.33 million. This transaction was not part of a pre-planned trading program.
SAFRA EDMOND vs. the S&P 500
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Other Institutional Activity in Finance of America Companies
Several institutional investors have adjusted their positions in Finance of America Companies. Beach Point Capital Management LP increased its holdings by 138,438 shares, ending with 927,837 shares valued at about $15.4 million. Vanguard Capital Management LLC initiated a new position with 324,822 shares worth approximately $5.4 million. Meanwhile, BlackRock, Inc. slightly reduced its stake by 7,442 shares to a total of 288,279 shares, valued at $4.8 million. American Century Companies Inc. expanded its position by 33,811 shares to 160,600 shares, valued at $2.7 million.
Finance of America Companies Inc. Stock Up 20.1%
Shares of NYSE:FOA traded near $21.66 on Friday. Finance of America Companies has a market capitalization of $192.6 million and a P/E ratio of 9.58. The stock's 52-week range is between $15.77 and $29.58, with a 50-day moving average of $20.36 and a 200-day moving average of $21.49. The company maintains a high current ratio of 9.23 and a quick ratio of 9.13, though it has a high debt-to-equity ratio of 2,670.33.
$FOA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Finance of America Companies reported revenue of $451.9 million, though it saw a revenue decline of 27.5%. The company achieved a net margin of 7.2% and a return on equity of 15.6%. The next earnings report is expected on August 4, 2026.
Insider Buying and Selling at Finance of America Companies Inc.
Edmond Safra was active in March, purchasing a total of 125,000 shares over two transactions. On March 16, he bought 75,000 shares at $17.67 each, and earlier on March 13, he acquired 50,000 shares at $16.44 each. Other insiders, like Chief Investment Officer Jeremy Prahm, have sold shares under planned sales, with Prahm selling 8,860 shares at $20.49 each on June 15, 2026.
Analysts Set New Price Targets
On April 2, 2026, B. Riley Securities initiated coverage of Finance of America Companies with a buy rating and a price target of $22.5. The consensus among analysts is a hold rating, with an average price target of $25.00, based on one analyst's opinion.
About Finance of America Companies
Finance of America Companies Inc. is a financial services holding company based in Plano, Texas. It provides home equity-based financing solutions through its subsidiaries, focusing on retirement solutions and portfolio management. The company offers a range of services, including home equity conversion and non-agency reverse mortgage loans, along with asset management services. Founded in 2013, it is led by CEO Graham A. Fleming and employs around 782 people.
Bottom Line
Edmond Safra's purchase of shares in Finance of America Companies underscores investor interest in the company. Finance of America, with its focus on retirement solutions, faces both opportunities and challenges in the financial services sector. The 13F filings and insider transactions offer a backward-looking view of investor sentiment, providing valuable context for those tracking institutional and insider activities.
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