6,123 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,123 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of OneMain in the second quarter worth $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain in the 2nd quarter worth approximately $34,000. Blue Trust Inc. grew its holdings in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OMF shares. 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 note on Thursday, October 31st. Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Stephens began coverage on OneMain in a research note on Wednesday. They issued an “overweight” rating and a $62.00 price target on the stock. Finally, StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $55.46.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the sale, the chief operating officer now directly owns 102,239 shares in the company, valued at approximately $5,316,428. This trade represents a 2.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,292 shares of company stock valued at $2,307,784. Company insiders own 0.45% of the company’s stock.

OneMain Trading Up 1.3 %

OneMain stock opened at $55.46 on Friday. The company has a market cap of $6.62 billion, a PE ratio of 12.14, a PEG ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a 1 year low of $37.78 and a 1 year high of $56.28. The company’s 50-day moving average is $48.27 and its two-hundred day moving average is $48.66.

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 yield of 7.50%. OneMain’s payout ratio is presently 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.