OneMain - OMF Stock Forecast, Price & News

OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1920 and is based in Evansville, Indiana.

OneMain Price Performance

Shares of OneMain stock traded up $1.77 during trading on Wednesday, hitting $37.67. 1,469,412 shares of the company's stock traded hands, compared to its average volume of 1,336,627. The firm's fifty day moving average price is $38.94 and its 200 day moving average price is $44.30. OneMain has a twelve month low of $34.22 and a twelve month high of $60.51. The company has a market cap of $4.66 billion, a PE ratio of 4.58 and a beta of 1.61.

OneMain (NYSE:OMF - Get Rating) last issued its earnings results on Wednesday, July 27th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.07). OneMain had a net margin of 22.43% and a return on equity of 37.61%. During the same quarter last year, the business earned $2.66 EPS. As a group, equities research analysts anticipate that OneMain will post 7.69 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 8th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $3.80 annualized dividend and a dividend yield of 10.09%. OneMain's dividend payout ratio (DPR) is currently 46.17%.

Analyst Ratings Changes

OMF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of OneMain from $75.00 to $53.00 in a report on Friday, July 29th. Compass Point dropped their target price on shares of OneMain to $63.00 in a report on Monday, July 4th. Barclays dropped their target price on shares of OneMain from $72.00 to $62.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. Piper Sandler decreased their price target on shares of OneMain from $70.00 to $63.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 29th. Finally, BMO Capital Markets decreased their price target on shares of OneMain from $58.00 to $50.00 in a research report on Monday, August 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $57.91.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman bought 1,000 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were acquired at an average cost of $40.23 per share, for a total transaction of $40,230.00. Following the transaction, the chief executive officer now owns 349,612 shares in the company, valued at $14,064,890.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas H. Shulman purchased 1,000 shares of OneMain stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $40.23 per share, for a total transaction of $40,230.00. Following the completion of the transaction, the chief executive officer now directly owns 349,612 shares in the company, valued at $14,064,890.76. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman purchased 1,150 shares of OneMain stock in a transaction on Monday, August 1st. The stock was purchased at an average price of $37.08 per share, for a total transaction of $42,642.00. Following the completion of the transaction, the chief executive officer now owns 337,936 shares of the company's stock, valued at $12,530,666.88. The disclosure for this purchase can be found here. 0.28% of the stock is owned by company insiders.