OneMain Holdings, Inc. (NYSE:OMF) Given Average Rating of “Moderate Buy” by Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $56.08.

OMF has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Stephens started coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. Compass Point raised 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. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 in the last 90 days. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMF. Principal Financial Group Inc. raised its stake in shares of OneMain by 7,566.2% in the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in OneMain in the third quarter worth about $17,016,000. Janus Henderson Group PLC lifted its stake in OneMain by 69.0% during the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares during the period. Dimensional Fund Advisors LP boosted its holdings in OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares in the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in shares of OneMain in the 2nd quarter valued at approximately $6,789,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Up 1.4 %

Shares of NYSE OMF opened at $51.91 on Friday. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The business has a fifty day simple moving average of $52.92 and a 200-day simple moving average of $49.68. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.01%. OneMain’s dividend payout ratio is presently 91.03%.

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.