OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 69.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 772,864 shares of the financial services provider's stock after buying an additional 315,640 shares during the period. Janus Henderson Group PLC owned 0.65% of OneMain worth $36,377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock valued at $34,824,000 after purchasing an additional 708,804 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of OneMain during the 3rd quarter valued at $17,016,000. Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock worth $159,465,000 after buying an additional 270,207 shares during the last quarter. Argent Capital Management LLC grew its position in OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider's stock valued at $32,631,000 after acquiring an additional 169,339 shares during the period. Finally, Lodge Hill Capital LLC acquired a new stake in OneMain during the second quarter worth about $6,789,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred 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 approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 886 shares of the company's 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 sale, the chief operating officer now directly owns 104,739 shares in the company, valued at approximately $5,236,950. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,178 shares of company stock valued at $2,107,084. Insiders own 0.45% of the company's stock.

OneMain Stock Up 0.2 %

Shares of OneMain stock traded up $0.14 on Friday, hitting $57.43. 657,960 shares of the company's stock traded hands, compared to its average volume of 930,834. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The stock has a market cap of $6.85 billion, a P/E ratio of 12.57, a PEG ratio of 0.71 and a beta of 1.56. The firm's 50-day moving average is $51.32 and its 200 day moving average is $49.26.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.24%. The ex-dividend date was Tuesday, November 12th. OneMain's dividend payout ratio is currently 91.03%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OMF. Stephens began coverage on OneMain in a report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 target price for the company. Compass Point increased their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com cut shares of OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Finally, Barclays downgraded OneMain from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.