OneMain (NYSE:OMF) Sets New 1-Year Low - Should You Sell?

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $41.67 and last traded at $41.89, with a volume of 103700 shares. The stock had previously closed at $44.74.

Wall Street Analyst Weigh In

OMF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday. Finally, Evercore ISI began coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.17.

OneMain Stock Performance

The stock's 50-day moving average price is $51.19 and its 200-day moving average price is $51.84. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.44 and a beta of 1.35.

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OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 9.58%. OneMain's payout ratio is 98.11%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.

Institutional Trading of OneMain

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock valued at $1,305,000 after purchasing an additional 204 shares during the last quarter. Stifel Financial Corp increased its stake in shares of OneMain by 16.1% during the 3rd quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider's stock valued at $3,737,000 after acquiring an additional 10,994 shares during the last quarter. State Street Corp lifted its holdings in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock worth $100,770,000 after acquiring an additional 16,615 shares during the period. Wellington Management Group LLP boosted its position in shares of OneMain by 12.0% in the third quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider's stock worth $21,356,000 after acquiring an additional 48,790 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in OneMain by 65.1% during the third quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider's stock worth $500,000 after purchasing an additional 4,188 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other 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.