Larson Financial Group LLC Buys 2,311 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,090 shares of the financial services provider’s stock after purchasing an additional 2,311 shares during the period. Larson Financial Group LLC’s holdings in OneMain were worth $2,169,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BOKF NA grew its position in OneMain by 2.3% in the first quarter. BOKF NA now owns 18,290 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 409 shares during the last quarter. Caxton Associates LP bought a new position in OneMain in the first quarter valued at about $238,000. Janus Henderson Group PLC grew its position in OneMain by 4.1% in the first quarter. Janus Henderson Group PLC now owns 437,365 shares of the financial services provider’s stock valued at $22,343,000 after acquiring an additional 17,214 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in OneMain by 11.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,421 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 543 shares during the last quarter. Finally, Swedbank AB bought a new position in OneMain in the first quarter valued at about $817,000. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

OMF has been the topic of a number of recent analyst reports. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. JMP Securities lifted their price target on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

OneMain Stock Performance

Shares of OMF stock opened at $56.60 on Monday. The company has a market cap of $6.76 billion, a P/E ratio of 12.39, a PEG ratio of 0.70 and a beta of 1.54. The stock has a 50 day simple moving average of $49.39 and a two-hundred day simple moving average of $48.76. OneMain Holdings, Inc. has a fifty-two week low of $37.93 and a fifty-two week high of $56.85.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.35%. OneMain’s payout ratio is currently 91.03%.

Insiders Place Their Bets

In other news, COO Micah R. Conrad sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at $5,520,550. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at $1,047,350. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,792 shares of company stock worth $2,187,784. 0.45% of the stock is owned by corporate insiders.

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.