OneMain Holdings, Inc. (NYSE:OMF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of OneMain Holdings, Inc. (NYSE:OMF) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.6667.

A number of equities analysts have recently commented on OMF shares. Truist Financial started coverage on OneMain in a research report on Monday, December 8th. They set a “buy” rating and a $75.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of OneMain from $63.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday. JMP Securities set a $68.00 price objective on shares of OneMain in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th.

OneMain Trading Up 1.6%

OneMain stock opened at $70.16 on Thursday. The firm has a market capitalization of $8.26 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.38 and a beta of 1.33. OneMain has a twelve month low of $38.00 and a twelve month high of $70.78. The stock’s fifty day simple moving average is $63.53 and its 200-day simple moving average is $59.97.

OneMain (NYSE:OMF) last released its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted $1.31 EPS. Sell-side analysts predict that OneMain will post 6.46 earnings per share for the current year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.0%. This is an increase from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is currently 71.19%.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 652 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total transaction of $40,424.00. Following the completion of the sale, the senior vice president owned 15,179 shares in the company, valued at $941,098. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 57,500 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the transaction, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 98,152 shares of company stock valued at $6,353,899. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OMF. Kingstone Capital Partners Texas LLC purchased a new stake in OneMain in the second quarter valued at $611,102,000. Norges Bank acquired a new stake in shares of OneMain during the second quarter worth about $85,541,000. Certuity LLC increased its position in shares of OneMain by 107.6% during the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock worth $109,013,000 after purchasing an additional 1,000,654 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of OneMain by 57.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after purchasing an additional 713,670 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of OneMain by 254.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 741,752 shares of the financial services provider’s stock valued at $41,879,000 after purchasing an additional 532,324 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.