OneMain Holdings, Inc. (NYSE:OMF) Receives $55.46 Average PT from Brokerages

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $55.46.

Several equities analysts have recently issued reports on the company. Stephens initiated coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective for the company. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction 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 $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,178 shares of company stock worth $2,107,084. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently added to or reduced their stakes in OMF. Clearbridge Investments LLC increased its stake in OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after buying an additional 24,338 shares during the period. Frank Rimerman Advisors LLC acquired a new position in shares of OneMain during the second quarter worth about $608,000. Swedbank AB purchased a new position in OneMain during the first quarter worth about $817,000. Argent Capital Management LLC lifted its position in OneMain by 33.6% in the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

OMF opened at $57.35 on Wednesday. The business has a fifty day moving average price of $50.24 and a 200 day moving average price of $48.99. OneMain has a 12 month low of $41.70 and a 12 month high of $57.97. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.71 and a beta of 1.54.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s payout ratio is 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.