OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,781 shares of the financial services provider’s stock after selling 4,100 shares during the period. Handelsbanken Fonder AB’s holdings in OneMain were worth $1,657,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Ieq Capital LLC acquired a new stake in OneMain during the 4th quarter valued at approximately $896,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in OneMain during the 4th quarter valued at approximately $126,000. Kestra Investment Management LLC acquired a new stake in OneMain during the 4th quarter valued at approximately $167,000. Atria Wealth Solutions Inc. grew its stake in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 231 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in OneMain during the 4th quarter valued at approximately $215,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Down 0.9 %

Shares of NYSE OMF opened at $52.58 on Wednesday. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 0.44 and a beta of 1.59. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The company’s fifty day moving average is $54.55 and its 200-day moving average is $51.60.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is presently 98.11%.

Wall Street Analysts Forecast Growth

OMF has been the subject of several research reports. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada boosted their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insiders Place Their Bets

In other OneMain 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 sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.45% of the company’s stock.

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.