OneMain (NYSE:OMF) COO Micah Conrad Sells 5,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) COO Micah Conrad sold 5,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares in the company, valued at $6,162,500. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

OneMain Stock Down 4.9%

OneMain stock opened at $54.97 on Friday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.34 and a beta of 1.33. The business has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $61.31. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same quarter last year, the company posted $1.16 EPS. On average, research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s payout ratio is currently 63.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OMF. Evercore set a $75.00 price objective on shares of OneMain in a report on Tuesday, January 6th. Truist Financial dropped their price target on OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.11.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of OneMain by 84.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234,521 shares of the financial services provider’s stock valued at $13,241,000 after buying an additional 107,204 shares during the period. D.A. Davidson & CO. boosted its holdings in OneMain by 43.1% in the third quarter. D.A. Davidson & CO. now owns 34,385 shares of the financial services provider’s stock valued at $1,941,000 after acquiring an additional 10,357 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in OneMain during the 3rd quarter valued at $907,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in OneMain by 51.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,026 shares of the financial services provider’s stock worth $5,139,000 after purchasing an additional 30,977 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of OneMain by 30.2% in the 2nd quarter. Empowered Funds LLC now owns 60,125 shares of the financial services provider’s stock worth $3,427,000 after purchasing an additional 13,963 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.