OneMain Holdings, Inc. (NYSE:OMF) SVP Sells $157,500.72 in Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

OneMain Price Performance

Shares of NYSE:OMF opened at $52.58 on Wednesday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.44 and a beta of 1.59. The firm has a 50 day simple moving average of $54.55 and a 200 day simple moving average of $51.60. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is currently 98.11%.

Hedge Funds Weigh In On OneMain

Several large investors have recently modified their holdings of OMF. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain during the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC bought a new position in shares of OneMain in the third quarter valued at $28,000. Finally, IFP Advisors Inc lifted its stake in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

OMF has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus target price of $58.36.

About OneMain

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.