Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) SVP Sells 2,400 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

OneMain Trading Up 3.9 %

Shares of NYSE OMF opened at $50.15 on Friday. The business’s 50 day moving average is $48.24 and its 200-day moving average is $48.76. The firm has a market cap of $6.01 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $54.94.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter last year, the business earned $1.01 EPS. Analysts forecast that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.30%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 81.09%.

Wall Street Analysts Forecast Growth

OMF has been the topic of several recent analyst reports. BTIG Research began coverage on shares of OneMain in a research note on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price target on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Northland Securities upped their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JMP Securities lifted their target price on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of OneMain in a report on Tuesday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.25.

Institutional Trading of OneMain

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of OneMain by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. grew its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares in the last quarter. US Bancorp DE increased its stake in OneMain by 1.8% during the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 245 shares during the period. Quadrant Capital Group LLC raised its holdings in OneMain by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 251 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in shares of OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares during the period. Institutional investors own 85.82% of the company’s stock.

About OneMain

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.