Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) COO Sells 3,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) COO Micah R. Conrad sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares in the company, valued at $5,880,420. The trade was a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OneMain Trading Up 0.6%

Shares of OMF stock traded up $0.36 during midday trading on Wednesday, reaching $59.27. 942,563 shares of the stock were exchanged, compared to its average volume of 1,057,766. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $60.12. The company's 50 day moving average is $52.85 and its two-hundred day moving average is $51.71. The firm has a market cap of $7.05 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 7.02%. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Hedge Funds Weigh In On OneMain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management bought a new position in OneMain in the 1st quarter worth $27,000. SVB Wealth LLC bought a new stake in shares of OneMain in the first quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of OneMain in the first quarter worth about $42,000. Headlands Technologies LLC bought a new stake in shares of OneMain in the first quarter worth about $46,000. Finally, GAMMA Investing LLC increased its holdings in shares of OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after purchasing an additional 662 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI initiated coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Wells Fargo & Company decreased their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Barclays lifted their price objective on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

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.