24,700 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,700 shares of the financial services provider's stock, valued at approximately $1,288,000.

Several other hedge funds also recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new position in OneMain in the 4th quarter worth about $46,195,000. Janus Henderson Group PLC lifted its holdings in shares of OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock worth $36,377,000 after buying an additional 315,640 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of OneMain by 29.2% in the fourth quarter. American Century Companies Inc. now owns 957,589 shares of the financial services provider's stock worth $49,919,000 after buying an additional 216,157 shares in the last quarter. Basswood Capital Management L.L.C. boosted its position in shares of OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider's stock valued at $48,502,000 after acquiring an additional 113,018 shares during the period. Finally, Principal Financial Group Inc. grew its stake in OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after acquiring an additional 87,084 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Stephens reissued an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.17.

OneMain Stock Performance

NYSE:OMF traded down $5.87 during trading hours on Thursday, reaching $44.72. The company's stock had a trading volume of 2,809,549 shares, compared to its average volume of 1,000,486. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.44 and a beta of 1.35. The firm has a 50-day simple moving average of $52.55 and a 200-day simple moving average of $52.04. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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.