Park Avenue Securities LLC Acquires 904 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Park Avenue Securities LLC boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,784 shares of the financial services provider’s stock after purchasing an additional 904 shares during the quarter. Park Avenue Securities LLC’s holdings in OneMain were worth $458,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Clearbridge Investments LLC increased its position in shares of OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after acquiring an additional 24,338 shares in the last quarter. TCW Group Inc. increased its holdings in OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 271 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of OneMain by 19.5% during the 2nd quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider’s stock worth $32,900,000 after acquiring an additional 110,862 shares during the period. Finally, Quest Partners LLC raised its position in shares of OneMain by 430.4% in the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 31,341 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $58.03 on Friday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.22. The stock has a 50-day moving average of $54.52 and a 200-day moving average of $50.47. The company has a market cap of $6.93 billion, a PE ratio of 12.70, a P/E/G ratio of 0.48 and a beta of 1.58.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is presently 91.03%.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value 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 $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now owns 102,239 shares in the company, valued at approximately $5,316,428. The trade was a 2.39 % 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 worth $1,582,384 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OMF shares. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of OneMain in a research report on Thursday, January 16th. Stephens began coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. Compass Point boosted their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.69.

About OneMain

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.