Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) SVP Sells 2,808 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OneMain Stock Up 0.8 %

NYSE:OMF opened at $53.01 on Thursday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The firm has a market capitalization of $6.33 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59. The firm has a 50-day moving average price of $54.59 and a 200 day moving average price of $51.61.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Analyst Upgrades and Downgrades

OMF has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.36.

Institutional Trading of OneMain

Hedge funds have recently modified their holdings of the company. TCW Group Inc. increased its holdings in shares of OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares in the last quarter. Quest Partners LLC increased its holdings in shares of OneMain by 430.4% during the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 31,341 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of OneMain by 38.1% during the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after buying an additional 9,349 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after buying an additional 10,253 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after buying an additional 87,084 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.