OneMain Holdings, Inc. (OMF) To Go Ex-Dividend on November 12th

OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 1.04 per share by the financial services provider on Monday, November 18th. This represents a $4.16 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Tuesday, November 12th.

OneMain has raised its dividend by an average of 40.6% annually over the last three years. OneMain has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect OneMain to earn $7.09 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 58.7%.

OneMain Stock Up 1.4 %

Shares of OneMain stock opened at $55.01 on Friday. OneMain has a 12 month low of $36.52 and a 12 month high of $55.40. The stock has a market cap of $6.57 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The business has a fifty day simple moving average of $47.54 and a 200-day simple moving average of $48.50.

Insiders Place Their Bets

In other news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares of the company’s stock, valued at approximately $21,861,122. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,792 shares of company stock worth $2,032,859 over the last quarter. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OMF shares. Northland Securities lifted their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Compass Point boosted their price objective 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. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $55.08.

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.