Insider Selling: OneMain (NYSE:OMF) COO Sells 5,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief operating officer owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OneMain Stock Performance

Shares of NYSE:OMF traded down $2.85 during mid-day trading on Friday, hitting $54.97. The stock had a trading volume of 1,812,563 shares, compared to its average volume of 1,554,488. The company’s 50 day moving average is $64.18 and its 200-day moving average is $61.32. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $71.93. The company has a market cap of $6.44 billion, a PE ratio of 8.37, a P/E/G ratio of 0.33 and a beta of 1.33.

OneMain (NYSE:OMF) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same period in the previous year, the business earned $1.16 EPS. On average, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s payout ratio is 63.93%.

Hedge Funds Weigh In On OneMain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of OneMain in the second quarter worth $85,541,000. Janus Henderson Group PLC boosted its holdings in OneMain by 70.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after acquiring an additional 1,047,263 shares during the period. Certuity LLC boosted its holdings in OneMain by 107.6% during the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock valued at $109,013,000 after acquiring an additional 1,000,654 shares during the period. Azora Capital LP grew its position in shares of OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock valued at $92,066,000 after purchasing an additional 924,302 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of OneMain by 57.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock worth $110,958,000 after purchasing an additional 713,670 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OMF shares. Evercore set a $75.00 price objective on shares of OneMain in a research note on Tuesday, January 6th. Barclays set a $71.00 price objective on OneMain in a research report on Friday, February 6th. Stephens dropped their target price on OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. reduced their price target on OneMain from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada raised their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $72.11.

OneMain Company Profile

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.