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| Top Buys by Top Brass: CEO Shulman's $275K Bet on OMFBy Dividend Channel Staff, Friday, September 2, 2:06 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $275K invested across 4 purchases by Douglas H. Shulman, CEO at OneMain Holdings Inc (NYSE:OMF). Shulman bets big on OMF:
Shulman's average cost works out to $41.35/share. In trading on Friday, bargain hunters could buy shares of OneMain Holdings Inc (NYSE:OMF) and achieve a cost basis lower than Shulman, with shares changing hands as low as $34.73 per share. Shares of OneMain Holdings Inc were changing hands at $34.96 at last check, trading up about 1.2% on Friday. The chart below shows the one year performance of OMF shares, versus its 200 day moving average:
Looking at the chart above, OMF's low point in its 52 week range is $33.713 per share, with $60.38 as the 52 week high point — that compares with a last trade of $34.96. The current annualized dividend paid by OneMain Holdings Inc is $3.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/05/2022. Below is a long-term dividend history chart for OMF, which can be of good help in judging whether the most recent dividend with approx. 11.0% annualized yield is likely to continue.
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