Nissay Asset Management Corp Japan ADV Purchases 19,147 Shares of OneMain Holdings, Inc. $OMF

Nissay Asset Management Corp Japan ADV increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 49.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,654 shares of the financial services provider's stock after acquiring an additional 19,147 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in OneMain were worth $2,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in OneMain by 56.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider's stock worth $5,966,000 after acquiring an additional 43,915 shares during the period. GAMMA Investing LLC grew its stake in OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after buying an additional 662 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in OneMain by 5.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider's stock worth $1,251,000 after buying an additional 1,441 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in OneMain in the 1st quarter worth approximately $853,000. Finally, SG Americas Securities LLC grew its stake in OneMain by 171.9% in the 1st quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider's stock worth $532,000 after buying an additional 6,875 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Price Performance

OMF traded down $1.19 during trading on Friday, hitting $60.57. 611,307 shares of the stock traded hands, compared to its average volume of 763,223. The firm has a market capitalization of $7.20 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30. The firm has a 50-day moving average of $58.90 and a 200 day moving average of $53.11. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. As a group, equities analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's dividend payout ratio (DPR) is currently 75.09%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OMF. Barclays boosted their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company began coverage on shares of OneMain in a research note on Monday, August 25th. They issued an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.50.

Insider Activity

In other news, COO Micah R. Conrad sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer directly owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares of the company's stock, valued at approximately $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $3,715,340. Corporate insiders own 0.40% of the company's stock.

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.