Michael A. Hedlund Sells 2,808 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

OneMain Stock Down 2.1 %

Shares of OMF traded down $1.13 on Monday, reaching $53.05. The stock had a trading volume of 914,226 shares, compared to its average volume of 1,001,446. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The firm has a market capitalization of $6.33 billion, a PE ratio of 12.51, a PEG ratio of 0.44 and a beta of 1.59. The firm has a 50-day moving average of $54.63 and a 200 day moving average of $51.50.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio is currently 98.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OMF. Legend Financial Advisors Inc. acquired a new stake in OneMain in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain in the fourth quarter valued at about $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new position in shares of OneMain during the 3rd quarter worth approximately $28,000. Finally, IFP Advisors Inc increased its stake in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OMF shares. Compass Point increased their price target on 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 shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada raised their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

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.