State of New Jersey Common Pension Fund D Increases Position in OneMain Holdings, Inc. (NYSE:OMF)

State of New Jersey Common Pension Fund D boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,581 shares of the financial services provider’s stock after purchasing an additional 1,215 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in OneMain were worth $1,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors grew its holdings in shares of OneMain by 10.2% during the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of OneMain by 7,566.2% during the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of OneMain by 3.1% during the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of OneMain during the third quarter valued at approximately $17,016,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction dated 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 in the company, valued at $985,660. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer now owns 417,474 shares of the company’s stock, valued at $20,873,700. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,292 shares of company stock valued at $2,307,784 in the last three months. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMF shares. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Northland Securities increased their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Compass Point increased their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stephens began coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

OneMain Stock Up 1.3 %

Shares of NYSE:OMF opened at $55.49 on Monday. OneMain Holdings, Inc. has a 52 week low of $37.78 and a 52 week high of $56.28. The stock has a market capitalization of $6.62 billion, a P/E ratio of 12.14, a PEG ratio of 0.68 and a beta of 1.54. The firm has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $48.62.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $1.04 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.50%. OneMain’s payout ratio is currently 91.03%.

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.