Insider Selling: OneMain (NYSE:OMF) COO Sells $310,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares in the company, valued at $5,967,500. This represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OneMain Stock Performance

NYSE OMF opened at $59.38 on Friday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.45 and a beta of 1.22. The firm’s 50 day moving average price is $56.37 and its two-hundred day moving average price is $58.89.

OneMain (NYSE:OMF) last released its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, research analysts forecast that OneMain Holdings, Inc. will post 7.35 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s payout ratio is presently 62.50%.

Institutional Investors Weigh In On OneMain

Several large investors have recently made changes to their positions in OMF. Capital International Investors raised its position in OneMain by 0.8% during the third quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock valued at $585,868,000 after acquiring an additional 82,202 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock worth $232,258,000 after purchasing an additional 308,370 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of OneMain by 7.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 195,591 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of OneMain by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock valued at $164,017,000 after purchasing an additional 15,941 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of OneMain by 17.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider’s stock valued at $156,075,000 after purchasing an additional 345,269 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMF shares. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Evercore set a $55.00 price target on shares of OneMain in a research report on Tuesday, March 17th. Barclays decreased their price target on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Wells Fargo & Company lowered their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

About OneMain

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.