OneMain Holdings Inc. (OMF) Insider Acquires $918,500.00 in Stock
OneMain Holdings Inc. (NYSE:OMF) insider Jay N. Levine bought 50,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were purchased at an average cost of $18.37 per share, for a total transaction of $918,500.00. Following the completion of the transaction, the insider now directly owns 3,080,000 shares of the company’s stock, valued at $56,579,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
OneMain Holdings Inc. (NYSE:OMF) opened at 20.53 on Tuesday. The stock’s 50 day moving average price is $28.15 and its 200 day moving average price is $28.41. The company’s market cap is $2.77 billion. OneMain Holdings Inc. has a 1-year low of $16.03 and a 1-year high of $50.02.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Monday, November 7th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.17. OneMain Holdings had a negative net margin of 0.44% and a positive return on equity of 19.47%. During the same period in the prior year, the business earned $0.36 EPS. On average, equities analysts anticipate that OneMain Holdings Inc. will post $3.83 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Sippican Capital Advisors purchased a new stake in OneMain Holdings during the second quarter valued at $219,000. Prescott Group Capital Management L.L.C. purchased a new stake in OneMain Holdings during the second quarter valued at $922,000. Fox Run Management L.L.C. purchased a new stake in OneMain Holdings during the second quarter valued at $322,000. Barnett & Company Inc. raised its stake in OneMain Holdings by 18.8% in the first quarter. Barnett & Company Inc. now owns 59,920 shares of the company’s stock valued at $1,644,000 after buying an additional 9,500 shares in the last quarter. Finally, Seven Eight Capital LLC raised its stake in OneMain Holdings by 3,359.6% in the first quarter. Seven Eight Capital LLC now owns 17,298 shares of the company’s stock valued at $474,000 after buying an additional 16,798 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.
A number of brokerages have recently weighed in on OMF. Wedbush began coverage on OneMain Holdings in a research report on Monday, October 10th. They set an “outperform” rating and a $45.00 target price on the stock. Citigroup Inc. lowered OneMain Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $34.00 to $21.00 in a research report on Tuesday, November 8th. Barclays PLC lowered OneMain Holdings from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $36.00 to $19.00 in a research report on Thursday, November 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. Finally, Northland Securities lowered OneMain Holdings from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $38.50 to $25.00 in a research report on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.75.
OneMain Holdings Company Profile
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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