OneMain Holdings, Inc. (NYSE:OMF) Declares $1.04 Quarterly Dividend

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 1.04 per share by the financial services provider on Monday, November 18th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Tuesday, November 12th.

OneMain has raised its dividend by an average of 40.6% annually over the last three years. OneMain has a dividend payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $7.16 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 58.1%.

OneMain Price Performance

Shares of NYSE OMF traded down $2.22 during midday trading on Thursday, reaching $49.70. 1,715,566 shares of the company traded hands, compared to its average volume of 1,002,554. The stock has a 50-day moving average price of $47.08 and a 200 day moving average price of $48.32. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.89 and a beta of 1.56. OneMain has a 52 week low of $35.53 and a 52 week high of $54.94.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, analysts expect that OneMain will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 886 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares in the company, valued at approximately $5,236,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the completion of the sale, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the sale, the chief operating officer now owns 110,411 shares of the company's stock, valued at approximately $5,520,550. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OMF has been the topic of a number of research analyst reports. JMP Securities lifted their target price on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday. Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a report on Saturday, October 26th. Wells Fargo & Company lifted their price target on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Compass Point lifted their price target on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $55.08.

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.