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 OneMain stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief operating officer directly owned 106,250 shares of the company’s stock, valued at $6,162,500. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

OneMain Trading Down 4.9%

OMF traded down $2.85 on Friday, hitting $54.97. 1,812,563 shares of the company’s stock were exchanged, compared to its average volume of 1,554,488. The stock has a fifty day moving average of $64.18 and a two-hundred day moving average of $61.32. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $71.93. The firm has a market cap of $6.44 billion, a PE ratio of 8.37, a P/E/G ratio of 0.33 and a beta of 1.33.

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

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is 63.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of OneMain during the 3rd quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in shares of OneMain in the 4th quarter worth $31,000. Activest Wealth Management raised its position in shares of OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 529 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of OneMain during the fourth quarter valued at $36,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Royal Bank Of Canada lifted their target price on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Friday, February 6th. Finally, Citizens Jmp set a $68.00 target price on shares of OneMain in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.11.

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.