Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) CEO Sells 20,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OneMain Stock Up 0.2 %

Shares of NYSE:OMF traded up $0.12 during trading on Thursday, reaching $54.76. 1,083,896 shares of the company’s stock traded hands, compared to its average volume of 1,019,132. The firm has a market cap of $6.54 billion, a PE ratio of 11.98, a P/E/G ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $56.28. The company has a 50-day simple moving average of $48.05 and a 200-day simple moving average of $48.63.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Analyst Ratings Changes

Several brokerages have weighed in on OMF. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. JMP Securities upped their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its position in shares of OneMain by 10.3% during the 1st quarter. Empowered Funds LLC now owns 22,700 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 2,119 shares during the period. Concurrent Investment Advisors LLC increased its holdings in OneMain by 12.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,481 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 597 shares during the last quarter. US Bancorp DE increased its holdings in OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 245 shares during the last quarter. Vanguard Group Inc. increased its holdings in OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares during the last quarter. Finally, Cercano Management LLC grew its stake in shares of OneMain by 434.1% in the first quarter. Cercano Management LLC now owns 194,631 shares of the financial services provider’s stock worth $9,944,000 after acquiring an additional 158,187 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.