OneMain Holdings Inc (NYSE:OMF) was the target of some unusual options trading on Monday. Stock traders acquired 2,660 put options on the stock. This represents an increase of approximately 1,115% compared to the average volume of 219 put options.

OneMain (OMF) traded up $0.62 during trading hours on Wednesday, hitting $32.31. The company’s stock had a trading volume of 1,081,464 shares, compared to its average volume of 1,044,611. The firm has a market cap of $4,174.18, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.35 and a beta of 2.86. OneMain has a 52-week low of $22.04 and a 52-week high of $35.11.

In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders own 57.73% of the company’s stock.

Large investors have recently bought and sold shares of the business. Phocas Financial Corp. increased its position in shares of OneMain by 4.5% during the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock worth $4,733,000 after purchasing an additional 8,330 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of OneMain during the 3rd quarter worth approximately $1,068,000. Bank of New York Mellon Corp increased its holdings in shares of OneMain by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock worth $5,471,000 after acquiring an additional 9,618 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of OneMain during the 3rd quarter worth approximately $583,000. Finally, HL Financial Services LLC increased its holdings in shares of OneMain by 65.4% during the 3rd quarter. HL Financial Services LLC now owns 55,400 shares of the financial services provider’s stock worth $1,562,000 after acquiring an additional 21,900 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

OMF has been the topic of several research reports. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Friday, November 3rd. BMO Capital Markets restated a “buy” rating on shares of OneMain in a research note on Monday, November 6th. Bank of America cut OneMain from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Jefferies Group restated a “buy” rating and issued a $48.00 target price on shares of OneMain in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.62.

ILLEGAL ACTIVITY NOTICE: “OneMain Sees Unusually Large Options Volume (OMF)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/02/14/onemain-sees-unusually-large-options-volume-omf.html.

About OneMain

OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.