Two Sigma Investments LP Has $4.63 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Two Sigma Investments LP lifted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,736 shares of the financial services provider's stock after acquiring an additional 42,947 shares during the period. Two Sigma Investments LP owned about 0.07% of OneMain worth $4,626,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after purchasing an additional 40,042 shares in the last quarter. FMR LLC boosted its position in shares of OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after buying an additional 1,352,604 shares during the period. Capital International Investors grew its holdings in shares of OneMain by 2.1% during the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after buying an additional 211,745 shares in the last quarter. Brave Warrior Advisors LLC grew its holdings in shares of OneMain by 0.5% during the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after buying an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in OneMain by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock valued at $181,402,000 after buying an additional 109,182 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the completion of the transaction, the chief operating officer now owns 108,007 shares of the company's stock, valued at $5,639,045.47. The trade was a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 40,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer now owns 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $3,448,300 over the last 90 days. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Finally, Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

OneMain Stock Performance

Shares of OneMain stock traded down $0.59 during midday trading on Friday, reaching $51.88. 938,807 shares of the company's stock traded hands, compared to its average volume of 1,051,854. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The company's 50 day simple moving average is $47.95 and its 200 day simple moving average is $51.83.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. As a group, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.02%. OneMain's payout ratio is currently 87.95%.

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.