OneMain Sees Unusually Large Options Volume (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) was the target of some unusual options trading on Monday. Stock traders bought 6,319 call options on the company. This represents an increase of approximately 251% compared to the average volume of 1,798 call options.

Analyst Ratings Changes

Several equities research analysts have recently commented on OMF shares. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Stephens initiated coverage on OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. JMP Securities boosted their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Finally, Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.08.

OneMain Price Performance

NYSE OMF opened at $53.41 on Wednesday. The company has a 50-day moving average of $54.26 and a 200-day moving average of $50.06. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The company has a market cap of $6.37 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.69 and a beta of 1.58.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 1,992 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is currently owned by insiders.

Institutional Trading of OneMain

Several institutional investors have recently made changes to their positions in OMF. Legend Financial Advisors Inc. purchased a new position in shares of OneMain in the 4th quarter valued at $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain during the 3rd quarter valued at about $28,000. Abich Financial Wealth Management LLC lifted its position in OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. Blue Trust Inc. raised its stake in shares of OneMain by 64.1% during the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 476 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares during the period. 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.