Renaissance Technologies LLC Increases Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Renaissance Technologies LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,100 shares of the financial services provider's stock after acquiring an additional 36,400 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of OneMain worth $8,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC acquired a new stake in OneMain during the 4th quarter worth approximately $896,000. Orion Portfolio Solutions LLC increased its stake in shares of OneMain by 66.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after acquiring an additional 7,060 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 569 shares in the last quarter. IFP Advisors Inc increased 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 valued at $40,000 after purchasing an additional 495 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in OneMain by 143.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock valued at $819,000 after purchasing an additional 10,253 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

OneMain Trading Up 5.1 %

Shares of OMF stock traded up $2.35 during mid-day trading on Wednesday, reaching $48.17. The stock had a trading volume of 456,319 shares, compared to its average volume of 1,034,153. The stock's 50-day moving average price is $48.67 and its two-hundred day moving average price is $51.66. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The firm has a market capitalization of $5.75 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date was Wednesday, February 12th. OneMain's payout ratio is 98.11%.

Analyst Upgrades and Downgrades

OMF has been the subject of several recent analyst reports. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Stephens restated an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Barclays set a $56.00 price target on shares of OneMain in a research report on Friday, March 14th. Five research 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.17.

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.