TCW Group Inc. Increases Holdings in OneMain Holdings, Inc. (NYSE:OMF)

TCW Group Inc. grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 23.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,999 shares of the financial services provider's stock after buying an additional 10,744 shares during the quarter. TCW Group Inc.'s holdings in OneMain were worth $2,636,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 270,207 shares during the last quarter. State Street Corp grew its holdings in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock worth $100,770,000 after purchasing an additional 16,615 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider's stock valued at $100,935,000 after buying an additional 13,978 shares during the period. Clearbridge Investments LLC raised its holdings in OneMain by 1.3% in the 2nd 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. Finally, Charles Schwab Investment Management Inc. boosted its position in OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock worth $66,483,000 after buying an additional 30,558 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Up 0.1 %

NYSE:OMF traded up $0.06 on Friday, hitting $55.68. The stock had a trading volume of 1,042,832 shares, compared to its average volume of 1,002,656. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The business's fifty day moving average is $52.25 and its 200 day moving average is $49.51. The company has a market cap of $6.65 billion, a PE ratio of 12.18, a P/E/G ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.47%. OneMain's payout ratio is 91.03%.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares of the company's stock, valued at $1,047,350. This represents a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,178 shares of company stock valued at $2,107,084. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OMF. Stephens started coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target for the company. Barclays downgraded shares of OneMain from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. 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. Finally, StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.08.

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.