OneMain Holdings, Inc. (NYSE:OMF) Given Consensus Recommendation of “Moderate Buy” by Analysts

OneMain Holdings, Inc. (NYSE:OMF) has earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $72.1111.

Several brokerages recently commented on OMF. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Citizens Jmp set a $68.00 price target on shares of OneMain in a report on Monday, November 24th. Truist Financial reduced their price target on shares of OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Stephens decreased their price objective on shares of OneMain to $76.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the sale, 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated 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 of the company’s stock, valued at $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group boosted its holdings in OneMain by 4.1% in the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in OneMain by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after buying an additional 174 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of OneMain by 9.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after buying an additional 176 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of OneMain by 3.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider’s stock valued at $266,000 after buying an additional 177 shares during the period. Finally, Generali Asset Management SPA SGR boosted its stake in shares of OneMain by 5.9% in the 4th quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock worth $231,000 after buying an additional 190 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Trading Down 5.5%

OneMain stock opened at $49.18 on Tuesday. OneMain has a 12 month low of $38.00 and a 12 month high of $71.93. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.38 and a beta of 1.34. The business’s fifty day simple moving average is $60.57 and its two-hundred day simple moving average is $60.92.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company earned $1.16 earnings per share. On average, equities research analysts predict that OneMain will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $1.05 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 8.5%. OneMain’s payout ratio is currently 63.93%.

OneMain Company Profile

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.