Insider Selling: OneMain (NYSE:OMF) COO Sells $327,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

OneMain Trading Down 0.6%

OMF stock traded down $0.39 during mid-day trading on Thursday, reaching $65.16. The company’s stock had a trading volume of 1,190,925 shares, compared to its average volume of 1,334,938. The company’s 50 day moving average is $59.01 and its two-hundred day moving average is $57.62. OneMain Holdings, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $71.93. The stock has a market cap of $7.50 billion, a PE ratio of 9.81, a P/E/G ratio of 0.50 and a beta of 1.21.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, analysts forecast that OneMain Holdings, Inc. will post 7.12 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, August 10th. OneMain’s dividend payout ratio (DPR) is presently 63.25%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OMF. CIBC Private Wealth Group LLC increased its position in shares of OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Core Wealth Advisors LLC acquired a new position in shares of OneMain in the 4th quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of OneMain during the 4th quarter worth approximately $36,000. Transamerica Financial Advisors LLC boosted its position in shares of OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 314 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in OneMain in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. TD Cowen raised their price target on shares of OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Barclays reduced their price target on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Citizens Jmp increased their price objective on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. Finally, Truist Financial raised their target price on OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.40.

About OneMain

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.