Insider Selling: OneMain (NYSE:OMF) COO Sells $327,000.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. The trade was a 5.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

OneMain Price Performance

Shares of OMF opened at $65.03 on Friday. OneMain Holdings, Inc. has a 1-year low of $45.78 and a 1-year high of $71.93. The company has a market capitalization of $7.48 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.50 and a beta of 1.21. The firm’s 50 day simple moving average is $59.43 and its 200 day simple moving average is $57.67.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 7.12 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, August 10th. OneMain’s dividend payout ratio is currently 63.25%.

Institutional Investors Weigh In On OneMain

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OneMain in the 1st quarter worth approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of OneMain by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares during the period. Focus Partners Wealth boosted its stake in shares of OneMain by 101.8% during the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 4,407 shares during the period. Prudential Financial Inc. grew its holdings in shares of OneMain by 32.9% in the second quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of OneMain by 26.2% in the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 4,084 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

OMF has been the subject of a number of research reports. Truist Financial upped their price objective on OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. BTIG Research restated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Finally, Citizens Jmp lifted their price target on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.40.

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.