Hilltop Holdings Inc. Takes $571,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Hilltop Holdings Inc. purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,125 shares of the financial services provider's stock, valued at approximately $571,000.

Several other institutional investors and hedge funds also recently modified their holdings of OMF. Cetera Advisors LLC bought a new position in shares of OneMain in the first quarter valued at approximately $493,000. DekaBank Deutsche Girozentrale boosted its stake in OneMain by 7.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 431 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of OneMain by 8.2% during the 2nd quarter. QRG Capital Management Inc. now owns 60,057 shares of the financial services provider's stock valued at $2,912,000 after purchasing an additional 4,534 shares during the period. Sendero Wealth Management LLC bought a new stake in shares of OneMain in the 2nd quarter worth $506,000. Finally, SG Americas Securities LLC acquired a new stake in shares of OneMain in the second quarter valued at $377,000. Institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

Shares of OMF stock traded up $0.14 on Friday, reaching $57.43. 657,942 shares of the company's stock traded hands, compared to its average volume of 1,002,540. The company has a market capitalization of $6.85 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97. The business's 50 day moving average price is $51.10 and its two-hundred day moving average price is $49.21.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued 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 7.24%. OneMain's dividend payout ratio is 91.03%.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares of the company's stock, valued at $1,047,350. This represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,178 shares of company stock valued at $2,107,084 over the last three months. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Stephens started coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. JMP Securities raised their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Finally, Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $55.46.

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.