Renaissance Technologies LLC Has $8.71 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Renaissance Technologies LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,100 shares of the financial services provider’s stock after buying an additional 36,400 shares during the period. Renaissance Technologies LLC’s holdings in OneMain were worth $8,711,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its stake in shares of OneMain by 8.7% in the third quarter. MML Investors Services LLC now owns 18,323 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 1,474 shares during the last quarter. Barclays PLC lifted its holdings in OneMain by 22.0% during the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock worth $4,747,000 after buying an additional 18,190 shares in the last quarter. Geode Capital Management LLC boosted its position in OneMain by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after buying an additional 13,978 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of OneMain by 143.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after buying an additional 10,253 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of OneMain during the third quarter worth $184,000. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 0.6 %

OMF opened at $44.38 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The company has a fifty day simple moving average of $49.56 and a 200 day simple moving average of $51.66.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.37%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average target price of $58.17.

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.