OneMain (NYSE:OMF) Stock Passes Below Fifty Day Moving Average – What’s Next?

OneMain Holdings, Inc. (NYSE:OMF) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $53.81 and traded as low as $51.76. OneMain shares last traded at $52.13, with a volume of 498,327 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JMP Securities raised their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.08.

OneMain Stock Up 2.0 %

The company has a market cap of $6.31 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.69 and a beta of 1.56. The business has a 50-day moving average price of $53.91 and a two-hundred day moving average price of $49.94.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.87%. OneMain’s dividend payout ratio is currently 91.03%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares of the company’s stock, valued at $21,861,122. The trade was a 1.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the sale, the chief operating officer now owns 102,239 shares of the company’s stock, valued at approximately $5,316,428. This represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,492 shares of company stock valued at $1,582,384. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneMain

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of OneMain in the 2nd quarter valued at about $34,000. Commonwealth Equity Services LLC grew its holdings in OneMain by 13.4% during the second quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,374 shares during the period. Larson Financial Group LLC raised its stake in OneMain by 6.6% in the second quarter. Larson Financial Group LLC now owns 43,779 shares of the financial services provider’s stock valued at $2,123,000 after buying an additional 2,697 shares during the period. Impact Partnership Wealth LLC boosted its stake in shares of OneMain by 21.9% during the 2nd quarter. Impact Partnership Wealth LLC now owns 5,052 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 908 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in OneMain by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 37,999 shares of the financial services provider’s stock valued at $1,843,000 after purchasing an additional 2,446 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.