OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund Sells 2,808 Shares

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OneMain Trading Down 2.1 %

NYSE:OMF opened at $53.05 on Tuesday. The company has a market capitalization of $6.33 billion, a P/E ratio of 12.51, a PEG ratio of 0.44 and a beta of 1.59. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The firm has a fifty day simple moving average of $54.58 and a 200-day simple moving average of $51.55.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Wall Street Analysts Forecast Growth

OMF has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Compass Point lifted their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada boosted their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

Institutional Investors Weigh In On OneMain

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock valued at $619,779,000 after acquiring an additional 40,042 shares during the period. FMR LLC lifted its position in OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after purchasing an additional 1,352,604 shares during the period. Capital International Investors boosted its holdings in OneMain by 2.1% in the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock valued at $533,729,000 after purchasing an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC grew its position in OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after purchasing an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of OneMain by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock valued at $181,402,000 after buying an additional 109,182 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.