OneMain Sees Unusually Large Options Volume (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) was the target of unusually large options trading activity on Monday. Stock traders acquired 6,319 call options on the company. This is an increase of approximately 251% compared to the typical volume of 1,798 call options.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares in the company, valued at $985,660. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,492 shares of company stock valued at $1,582,384. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneMain

Several hedge funds have recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain during the 4th quarter worth about $26,000. Continuum Advisory LLC acquired a new stake in OneMain during the third quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of OneMain by 64.1% during the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 476 shares during the period. Abich Financial Wealth Management LLC grew its position in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 264 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 247 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Performance

OMF opened at $53.41 on Wednesday. The business’s 50-day simple moving average is $54.26 and its 200 day simple moving average is $50.06. OneMain has a 52-week low of $41.70 and a 52-week high of $57.97. The firm has a market capitalization of $6.37 billion, a PE ratio of 11.69, a PEG ratio of 0.69 and a beta of 1.58.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Wall Street Analyst Weigh In

OMF has been the topic of a number of research reports. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. JMP Securities upped their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their target price on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.08.

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.