Jeremy Prahm, serving as Chief Investment Officer for Finance of America Companies Inc. (NASDAQ: FOA), executed a transaction involving the sale of 6,000 shares of the company's Class A Common Stock on July 13, 2026. The total value of this divestiture reached $153,592. The shares were disposed of at a weighted average price of $25.5987 per share, with individual transactions occurring within a price range of $25.22 to $26.11. This sale was carried out under the parameters of a Rule 10b5-1 trading plan that Mr. Prahm established on December 22, 2025.
Following this transaction, Mr. Prahm directly holds 191,856 shares of Finance of America Companies Inc. Class A Common Stock. The stock currently trades at $25.66 with a P/E ratio of 13.26, and InvestingPro analysis suggests the company is undervalued relative to its Fair Value. Investors seeking deeper insights can access one of over 8 additional InvestingPro Tips for FOA, plus a comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, Finance of America Companies Inc. reported strong financial results for the first quarter of 2026, with a notable increase in profitability. The company's adjusted earnings per share rose to $1.10, representing a 112% increase from the previous year. Additionally, Finance of America Reverse LLC completed its acquisition of reverse mortgage servicing rights from Onity Mortgage Corporation. This all-cash transaction includes approximately 20,000 Ginnie Mae home equity conversion mortgage loans, valued at $5.2 billion in unpaid principal balance.
In another development, Finance of America Reverse LLC announced the appointment of three senior executives to bolster its leadership team. Colm Murphy has been named Chief Brand Officer, Jordan Baucum as Senior Vice President of Communications, and Mike Urban as Chief Product Officer. These appointments are part of the company's strategy to strengthen its brand, communications, and product divisions. These recent developments highlight Finance of America's ongoing efforts to enhance its operational capabilities and market presence.Finance of America Companies IncFollowAnalyze FOAIncluded in our AI-picked strategies·Review strategies25.65▼-0.690(-2.62%)Closed25.65▼-0.010(-0.04%)After Hours·16:00:321D1W1M6M1Y5YMaxCreated with Highcharts 11.4.813:4514:3015:0015:3016:0016:3017:3018:1519:45242526Analyze FOAThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is your FOA trade worth the risk?Before you click "buy," know exactly where to set your stop-loss. Our Vision AI literally "sees" your FOA chart and delivers a complete risk management plan-entry, stop-loss, and profit target-in under 60 seconds.Protect your downside. Validate every trade. Invest smarter.July Sale - 60% Off InvestingPro