OneMain Sees Unusually Large Options Volume (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 6,319 call options on the company. This is an increase of approximately 251% compared to the typical volume of 1,798 call options.

Wall Street Analyst Weigh In

OMF has been the topic of a number of analyst reports. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point upped their price target on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JMP Securities lifted their price objective on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their target price on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Finally, Stephens assumed coverage on OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.08.

OneMain Price Performance

NYSE:OMF traded up $0.21 during mid-day trading on Monday, hitting $53.10. 907,851 shares of the company's stock were exchanged, compared to its average volume of 723,350. The company has a market cap of $6.34 billion, a PE ratio of 11.62, a P/E/G ratio of 0.69 and a beta of 1.58. OneMain has a one year low of $41.70 and a one year high of $57.97. The business has a fifty day moving average price of $54.14 and a 200 day moving average price of $50.03.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company's stock, valued at approximately $985,660. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the transaction, the chief operating officer now owns 102,239 shares in the company, valued at approximately $5,316,428. The trade was a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,492 shares of company stock valued at $1,582,384. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC increased its holdings in shares of OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock valued at $92,827,000 after acquiring an additional 24,338 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in OneMain during the 2nd quarter valued at about $608,000. TCW Group Inc. increased its stake in OneMain by 23.7% during the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock valued at $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after buying an additional 271 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of OneMain by 19.5% in the second quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider's stock worth $32,900,000 after buying an additional 110,862 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Company Profile

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.