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

OneMain Holdings, Inc. (NYSE:OMF) SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OneMain Trading Down 2.1 %

Shares of OneMain stock opened at $53.05 on Tuesday. The firm has a market cap of $6.33 billion, a PE ratio of 12.51, a PEG ratio of 0.44 and a beta of 1.59. The stock has a 50 day moving average of $54.58 and a 200 day moving average of $51.55. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Hedge Funds Weigh In On OneMain

Several institutional investors have recently bought and sold shares of OMF. Ascent Group LLC bought a new stake in OneMain during the fourth quarter worth approximately $228,000. Prescott Group Capital Management L.L.C. boosted its stake in OneMain by 86.4% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock worth $7,872,000 after buying an additional 70,000 shares during the period. Mackenzie Financial Corp increased its position in OneMain by 7.9% during the fourth quarter. Mackenzie Financial Corp now owns 42,477 shares of the financial services provider’s stock valued at $2,214,000 after acquiring an additional 3,102 shares during the last quarter. Forum Financial Management LP purchased a new stake in shares of OneMain in the fourth quarter valued at $236,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of OneMain in the 4th quarter worth about $57,000. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OMF shares. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Compass Point lifted their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.36.

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.