OneMain (OMF) Receives Coverage Optimism Rating of 0.25

Press coverage about OneMain (NYSE:OMF) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OneMain earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.3931731392642 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

OMF has been the subject of several recent analyst reports. ValuEngine raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Compass Point downgraded shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, November 6th. Bank of America downgraded shares of OneMain from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of OneMain (OMF) traded down $0.17 during midday trading on Wednesday, hitting $33.42. 928,530 shares of the company traded hands, compared to its average volume of 1,390,000. OneMain has a one year low of $21.56 and a one year high of $35.11. The stock has a market capitalization of $4,520.00, a PE ratio of 26.52, a P/E/G ratio of 1.56 and a beta of 2.72.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. During the same quarter in the prior year, the firm earned $0.90 EPS. OneMain’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts anticipate that OneMain will post 3.52 EPS for the current fiscal year.

In related news, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Insiders have sold 18,500,000 shares of company stock worth $474,250,000 in the last quarter. 57.73% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for OneMain (NYSE:OMF)

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