Picton Mahoney Asset Management Grows Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Picton Mahoney Asset Management boosted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,329 shares of the financial services provider's stock after buying an additional 25,445 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.08% of OneMain worth $5,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new stake in OneMain in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in OneMain in the 3rd quarter valued at about $28,000. Finally, IFP Advisors Inc raised its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens restated an "overweight" rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Finally, JMP Securities restated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.27.

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Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction 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 transaction, the senior vice president now directly 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 document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

OneMain Trading Up 0.2 %

NYSE:OMF traded up $0.12 during midday trading on Thursday, hitting $49.99. 966,588 shares of the company were exchanged, compared to its average volume of 944,993. The company has a fifty day simple moving average of $53.58 and a 200 day simple moving average of $51.78. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The company has a market capitalization of $5.97 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.32%. OneMain's dividend payout ratio is presently 98.11%.

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.