Insider Selling: OneMain (NYSE:OMF) SVP Sells $114,576.00 in Stock

OneMain Holdings, Inc. (NYSE:OMFGet Free Report) SVP Michael Hedlund sold 1,848 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $114,576.00. Following the sale, the senior vice president owned 13,127 shares in the company, valued at $813,874. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Trading Down 1.7%

Shares of NYSE:OMF opened at $59.38 on Friday. The company has a 50 day moving average of $56.37 and a 200-day moving average of $58.89. The firm has a market cap of $6.86 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.45 and a beta of 1.22. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93.

OneMain (NYSE:OMFGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that OneMain Holdings, Inc. will post 7.35 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 7.1%. OneMain’s dividend payout ratio (DPR) is 62.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. BTIG Research reissued a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Royal Bank Of Canada reduced their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Truist Financial dropped their price target on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Check Out Our Latest Stock Report on OneMain

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently bought and sold shares of OMF. CIBC Private Wealth Group LLC raised its holdings in OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Core Wealth Advisors LLC acquired a new position in shares of OneMain in the fourth quarter worth about $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of OneMain in the fourth quarter worth about $36,000. Transamerica Financial Advisors LLC increased its position in shares of OneMain by 88.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of OneMain by 83.2% in the fourth quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

About OneMain

(Get Free Report)

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

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Insider Buying and Selling by Quarter for OneMain (NYSE:OMF)

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