CANADA LIFE ASSURANCE Co Has $5.52 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

CANADA LIFE ASSURANCE Co reduced its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,007 shares of the financial services provider's stock after selling 17,173 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of OneMain worth $5,521,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in OneMain during the fourth quarter worth about $26,000. Albion Financial Group UT purchased a new position in OneMain during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter worth approximately $26,000. IFP Advisors Inc increased its holdings in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in shares of OneMain in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Trading Up 0.3 %

NYSE:OMF traded up $0.17 on Friday, hitting $48.86. 812,238 shares of the company's stock traded hands, compared to its average volume of 1,040,339. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The company has a market cap of $5.83 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The firm has a 50-day moving average price of $48.12 and a 200-day moving average price of $51.70.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.51%. OneMain's dividend payout ratio (DPR) is currently 98.11%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OMF. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. Stephens restated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.17.

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.