Michael A. Hedlund Sells 2,808 Shares of OneMain Holdings, Inc. (NYSE:OMF) Stock

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

OneMain Trading Down 0.9 %

Shares of OneMain stock opened at $52.58 on Wednesday. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 0.44 and a beta of 1.59. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The firm’s 50-day moving average price is $54.55 and its two-hundred day moving average price is $51.60.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.91%. OneMain’s dividend payout ratio is 98.11%.

Analyst Ratings Changes

OMF has been the subject of a number of research analyst reports. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Compass Point upped 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. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $58.36.

Institutional Trading of OneMain

Hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC bought a new position in OneMain during the 3rd quarter worth about $28,000. Finally, IFP Advisors Inc grew its holdings in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

About OneMain

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.