OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,256 shares of the financial services provider's stock after acquiring an additional 87,084 shares during the period. Principal Financial Group Inc. owned approximately 0.67% of OneMain worth $37,903,000 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. Clearbridge Investments LLC increased its holdings in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock valued at $92,827,000 after buying an additional 24,338 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of OneMain in the 2nd quarter valued at about $608,000. TCW Group Inc. lifted its stake in OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock worth $2,636,000 after purchasing an additional 10,744 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 271 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in OneMain by 19.5% in the second quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider's stock valued at $32,900,000 after purchasing an additional 110,862 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company's stock, valued at approximately $985,660. This represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of the business's 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 transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is owned by corporate insiders.

OneMain Stock Performance

OMF stock traded up $1.04 on Tuesday, reaching $52.99. The company had a trading volume of 333,940 shares, compared to its average volume of 996,450. The company's fifty day moving average is $53.16 and its 200 day moving average is $49.74. The company has a market cap of $6.32 billion, a P/E ratio of 11.60, a PEG ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $57.97.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's dividend payout ratio is presently 91.03%.

Analyst Ratings Changes

Several equities analysts have issued reports on OMF shares. StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on OneMain from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Wells Fargo & Company increased their price objective on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Compass Point lifted their target price on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JMP Securities increased their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and an average target price of $56.08.

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.