Nisa Investment Advisors LLC Has $308,000 Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Nisa Investment Advisors LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in OneMain were worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the 4th quarter valued at approximately $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. boosted its stake in OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 476 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

Shares of NYSE OMF opened at $56.95 on Thursday. The business has a 50-day moving average of $54.79 and a 200-day moving average of $50.80. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.50 and a beta of 1.58. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Stephens initiated coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. JMP Securities boosted their target price on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of OneMain in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $56.69.

OneMain 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.