Insider Selling: OneMain (NYSE:OMF) COO Sells $290,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

OneMain Stock Down 4.9%

NYSE OMF opened at $54.97 on Monday. The business’s fifty day simple moving average is $63.92 and its 200-day simple moving average is $61.36. The firm has a market cap of $6.44 billion, a PE ratio of 8.37, a P/E/G ratio of 0.32 and a beta of 1.34. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a net margin of 14.35% and a return on equity of 23.76%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.16 earnings per share. Research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on OMF. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Royal Bank Of Canada raised their price objective on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Citizens Jmp set a $68.00 price objective on shares of OneMain in a report on Monday, November 24th. Barclays set a $71.00 target price on shares of OneMain in a research report on Friday, February 6th. Finally, Stephens dropped their price target on shares of OneMain to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Eight investment 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’s stock. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $72.11.

Hedge Funds Weigh In On OneMain

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in OneMain in the 2nd quarter valued at about $85,541,000. Janus Henderson Group PLC boosted its stake in shares of OneMain by 70.4% in 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 purchasing an additional 1,047,263 shares during the period. Certuity LLC grew its holdings in shares of OneMain by 107.6% in the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock valued at $109,013,000 after purchasing an additional 1,000,654 shares in the last quarter. Azora Capital LP increased its stake in OneMain by 210.7% during the 4th quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after buying an additional 924,302 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in OneMain by 57.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock worth $110,958,000 after buying an additional 713,670 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

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.