CANADA LIFE ASSURANCE Co Has $6.31 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

CANADA LIFE ASSURANCE Co lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,411 shares of the financial services provider’s stock after buying an additional 6,754 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.10% of OneMain worth $6,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OMF. Vanguard Group Inc. increased its stake in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares during the period. Brave Warrior Advisors LLC boosted its holdings in OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after buying an additional 1,118,166 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in OneMain by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock valued at $143,727,000 after purchasing an additional 78,106 shares during the period. Brandes Investment Partners LP grew its stake in OneMain by 10.2% in the fourth quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock valued at $94,291,000 after acquiring an additional 177,993 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after buying an additional 743,034 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OMF. JMP Securities upped their price target on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets boosted their price target on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Barclays decreased their price objective on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada upped their target price on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average target price of $54.33.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the completion of the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The disclosure for this sale can be found here. In the last three months, insiders sold 29,500 shares of company stock worth $1,500,055. 0.45% of the stock is currently owned by company insiders.

OneMain Price Performance

OMF opened at $53.09 on Friday. The company has a market capitalization of $6.36 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. The business has a fifty day simple moving average of $49.06 and a 200 day simple moving average of $48.69. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same period last year, the firm earned $1.46 earnings per share. Equities analysts anticipate that OneMain Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $1.04 dividend. The ex-dividend date was Thursday, May 9th. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a yield of 7.84%. OneMain’s payout ratio is currently 81.09%.

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.