OneMain Sees Unusually Large Options Volume (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) saw some unusual options trading activity on Monday. Investors bought 6,319 call options on the stock. This represents an increase of 251% compared to the typical daily volume of 1,798 call options.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OMF shares. JPMorgan Chase & Co. lifted their price target on shares of OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point boosted their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased 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. Finally, Stephens began coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.08.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 1,992 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the chief executive officer now owns 412,474 shares of the company’s stock, valued at approximately $21,861,122. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock worth $1,582,384 over the last three months. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new stake in OneMain in the 3rd quarter valued at $28,000. Abich Financial Wealth Management LLC lifted its position in OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. Blue Trust Inc. boosted its holdings in OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 476 shares during the period. UMB Bank n.a. raised its stake in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of OneMain during the third quarter worth $108,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $53.10 on Tuesday. The firm has a market capitalization of $6.34 billion, a PE ratio of 11.62, a P/E/G ratio of 0.69 and a beta of 1.58. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The business has a 50-day moving average of $54.14 and a two-hundred day moving average of $50.03.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.83%. OneMain’s dividend payout ratio is currently 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.