Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) SVP Sells $103,584.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

OneMain Stock Performance

NYSE:OMF opened at $49.78 on Monday. OneMain Holdings, Inc. has a 52 week low of $36.52 and a 52 week high of $54.94. The firm’s fifty day moving average is $47.15 and its 200-day moving average is $48.35. The firm has a market cap of $5.94 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.61 and a beta of 1.54.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMF. JPMorgan Chase & Co. reduced their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Compass Point lifted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities boosted their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.08.

Institutional Trading of OneMain

A number of large investors have recently bought and sold shares of OMF. Covestor Ltd lifted its stake in shares of OneMain by 10.8% in the 3rd quarter. Covestor Ltd now owns 3,188 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 311 shares during the period. Atria Investments Inc increased its holdings in OneMain by 44.2% in the third quarter. Atria Investments Inc now owns 56,920 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 17,457 shares in the last quarter. Assetmark Inc. lifted its stake in OneMain by 13.3% in the third quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider’s stock valued at $407,000 after buying an additional 1,016 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of OneMain by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 40,153 shares of the financial services provider’s stock worth $1,890,000 after buying an additional 5,120 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of OneMain by 12.1% during the 3rd 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 during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.