OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 181,570 shares of the financial services provider's stock after selling 10,469 shares during the quarter. Legal & General Group Plc owned about 0.15% of OneMain worth $9,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OMF. Legend Financial Advisors Inc. bought a new stake in OneMain in the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new position in OneMain in the 4th quarter worth $26,000. Albion Financial Group UT purchased a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. IFP Advisors Inc boosted 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 valued at $40,000 after buying an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of OneMain in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction dated 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 approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company's stock.

OneMain Price Performance

OneMain stock traded up $2.35 during midday trading on Wednesday, reaching $48.17. The company had a trading volume of 456,319 shares, compared to its average volume of 1,034,153. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The company has a market capitalization of $5.75 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.44 and a beta of 1.35. The firm's fifty day simple moving average is $48.67 and its 200-day simple moving average is $51.66.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.