OneMain (NYSE:OMF) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

OneMain Holdings, Inc. (NYSE:OMF)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $53.81 and traded as low as $51.76. OneMain shares last traded at $52.13, with a volume of 498,327 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, December 9th. JMP Securities increased their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.08.

OneMain Price Performance

The firm has a market cap of $6.22 billion, a PE ratio of 11.41, a PEG ratio of 0.69 and a beta of 1.56. The business has a 50-day moving average price of $53.81 and a two-hundred day moving average price of $49.93.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.98%. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now owns 102,239 shares of the company’s stock, valued at approximately $5,316,428. The trade was a 2.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares in the company, valued at approximately $21,861,122. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently modified their holdings of OMF. Continuum Advisory LLC purchased a new stake in OneMain in the 3rd quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain during the second quarter worth $34,000. Abich Financial Wealth Management LLC grew its position in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 264 shares during the period. Blue Trust Inc. increased its stake in OneMain by 64.1% in the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 476 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds 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.