OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 466.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 26,416 shares of the financial services provider's stock after purchasing an additional 21,750 shares during the period. Bridgewater Associates LP's holdings in OneMain were worth $1,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of OneMain by 675.3% during the third quarter. BNP Paribas Financial Markets now owns 47,999 shares of the financial services provider's stock worth $2,259,000 after purchasing an additional 41,808 shares in the last quarter. Quantbot Technologies LP purchased a new stake in OneMain during the 3rd quarter worth approximately $2,565,000. Independent Advisor Alliance lifted its holdings in OneMain by 6.4% during the 3rd quarter. Independent Advisor Alliance now owns 11,158 shares of the financial services provider's stock worth $525,000 after buying an additional 669 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in OneMain in the 3rd quarter valued at approximately $1,424,000. Finally, Larson Financial Group LLC grew its stake in shares of OneMain by 5.3% in the third quarter. Larson Financial Group LLC now owns 46,090 shares of the financial services provider's stock worth $2,169,000 after acquiring an additional 2,311 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the sale, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 886 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,178 shares of company stock valued at $2,107,084 in the last three months. 0.45% of the stock is currently owned by company insiders.

OneMain Trading Down 0.4 %

NYSE:OMF traded down $0.24 during midday trading on Monday, hitting $57.11. 979,869 shares of the company were exchanged, compared to its average volume of 1,008,677. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The company has a market capitalization of $6.82 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. The company has a fifty day simple moving average of $50.24 and a 200 day simple moving average of $48.99.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.28%. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMF. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. JMP Securities increased their price target on OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Stephens began coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.46.

OneMain Company 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.