Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) CEO Sells $1,083,800.00 in Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

OneMain Stock Up 1.3 %

Shares of NYSE OMF opened at $55.49 on Friday. The stock’s 50 day moving average price is $48.27 and its two-hundred day moving average price is $48.64. OneMain Holdings, Inc. has a 52-week low of $37.78 and a 52-week high of $56.28. The stock has a market capitalization of $6.62 billion, a P/E ratio of 12.14, a PEG ratio of 0.67 and a beta of 1.54.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.50%. OneMain’s dividend payout ratio is currently 91.03%.

Institutional Trading of OneMain

Several large investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC bought a new stake in shares of OneMain in the 3rd quarter worth $28,000. EdgeRock Capital LLC purchased a new stake in shares of OneMain in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter worth $34,000. Blue Trust Inc. grew its stake in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OMF shares. JMP Securities boosted their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their target price on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus target price of $55.46.

About OneMain

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.