OneMain Holdings, Inc. (NYSE:OMF) Stock Position Reduced by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,007 shares of the financial services provider's stock after selling 17,173 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of OneMain worth $5,521,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OMF. FNY Investment Advisers LLC acquired a new position in OneMain during the fourth quarter worth $26,000. Albion Financial Group UT purchased a new stake in OneMain during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter valued at $26,000. IFP Advisors Inc grew its stake in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in OneMain in the 4th quarter valued at about $44,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

NYSE:OMF traded down $0.62 during mid-day trading on Tuesday, reaching $48.53. The stock had a trading volume of 456,017 shares, compared to its average volume of 1,040,555. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The stock's 50 day simple moving average is $47.97 and its two-hundred day simple moving average is $51.76. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.15. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.57%. OneMain's dividend payout ratio (DPR) is 98.11%.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company's 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 sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OMF. Royal Bank of Canada boosted 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. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Evercore ISI began coverage on shares of OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. Finally, Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, OneMain currently has a consensus rating of "Moderate Buy" and an average target price of $58.17.

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.