OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Monday, February 8th, Zacks reports. Stockholders of record on Thursday, February 18th will be given a dividend of 3.95 per share by the financial services provider on Thursday, February 25th. This represents a $15.80 annualized dividend and a dividend yield of 29.95%. The ex-dividend date of this dividend is Wednesday, February 17th. This is an increase from OneMain’s previous quarterly dividend of $0.45.
OneMain has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $6.59 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 27.3%.
NYSE OMF opened at $52.75 on Tuesday. The company has a market cap of $7.09 billion, a PE ratio of 11.30 and a beta of 2.28. The stock’s 50 day simple moving average is $50.66 and its 200-day simple moving average is $39.14. OneMain has a 1-year low of $12.21 and a 1-year high of $59.00.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Sunday, February 7th. The financial services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.00 by $0.77. OneMain had a return on equity of 20.88% and a net margin of 13.61%. During the same period in the previous year, the firm earned $1.91 earnings per share. Research analysts forecast that OneMain will post 5.19 EPS for the current fiscal year.
In related news, Director Jay N. Levine sold 54,276 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $40.19, for a total transaction of $2,181,352.44. Following the sale, the director now directly owns 2,103,519 shares in the company, valued at $84,540,428.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay N. Levine sold 15,724 shares of the stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $40.33, for a total transaction of $634,148.92. Following the completion of the transaction, the director now owns 2,157,795 shares in the company, valued at $87,023,872.35. The disclosure for this sale can be found here. 2.45% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on the company. JMP Securities raised their target price on OneMain from $38.00 to $44.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 28th. Barclays raised their target price on OneMain from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 10th. BMO Capital Markets lifted their price objective on OneMain from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Piper Sandler increased their target price on OneMain from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 10th. Finally, Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Saturday. Thirteen analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $50.43.
OneMain Company Profile
OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. It also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; non-credit insurance; and optional home and auto membership plans.
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