OneMain Holdings, Inc. (NYSE:OMF) Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,100 shares of the financial services provider's stock after purchasing an additional 36,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.14% of OneMain worth $8,711,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new position in OneMain in the 4th quarter worth about $1,952,000. FIL Ltd increased its holdings in OneMain by 91.9% in the fourth quarter. FIL Ltd now owns 14,408 shares of the financial services provider's stock worth $751,000 after buying an additional 6,901 shares during the last quarter. Bank of Montreal Can raised its position in OneMain by 17.1% during the fourth quarter. Bank of Montreal Can now owns 21,217 shares of the financial services provider's stock valued at $1,106,000 after acquiring an additional 3,095 shares in the last quarter. Cerity Partners LLC lifted its stake in OneMain by 3.2% in the fourth quarter. Cerity Partners LLC now owns 43,209 shares of the financial services provider's stock valued at $2,238,000 after acquiring an additional 1,346 shares during the last quarter. Finally, FMR LLC grew its position in OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on OMF. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Evercore ISI started coverage on OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. Finally, Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average price target of $58.17.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain 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 transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $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 accessible through this link. 0.45% of the stock is owned by corporate insiders.

OneMain Trading Up 0.6 %

Shares of OMF opened at $44.38 on Friday. The stock has a 50 day simple moving average of $49.56 and a 200-day simple moving average of $51.66. The stock has a market cap of $5.29 billion, a PE ratio of 10.47, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.37%. OneMain's payout ratio is presently 98.11%.

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.

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