ClearAlpha Technologies LP Raises Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

ClearAlpha Technologies LP grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 30.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,432 shares of the financial services provider’s stock after acquiring an additional 4,586 shares during the quarter. ClearAlpha Technologies LP’s holdings in OneMain were worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMF. Blue Trust Inc. lifted its position in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of OneMain by 13.9% in the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 247 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in OneMain by 6.9% during the second quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 272 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMF has been the topic of several analyst reports. Compass Point boosted their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.46.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief executive officer now owns 417,474 shares in the company, valued at $20,873,700. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,178 shares of company stock valued at $2,107,084 over the last ninety days. 0.45% of the stock is owned by company insiders.

OneMain Price Performance

Shares of OneMain stock opened at $57.35 on Monday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.71 and a beta of 1.54. The firm’s 50-day moving average is $50.24 and its two-hundred day moving average is $48.99. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $57.97.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.25%. OneMain’s dividend payout ratio is presently 91.03%.

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.