other material
confidence high
sentiment positive
materiality 0.65
OneMain Holdings increases share repurchase authorization to $300 million
OneMain Holdings, Inc.
- Board increased buyback authorization from $200M to $300M.
- As of Dec 13, had repurchased 4.6M shares for $186M under existing program, including ~$64M since Sept 30.
- Separately repurchased 3.6M shares for $199M in July and Oct 2021 under prior authorizations.
- Company intends to discuss future capital return strategy on Q4 earnings call.