OneMain Holdings, Inc. $OMF Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 10.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 46,077 shares of the financial services provider’s stock after purchasing an additional 4,418 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in OneMain were worth $2,626,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OMF. Forum Financial Management LP lifted its holdings in OneMain by 4.6% during the 2nd quarter. Forum Financial Management LP now owns 4,749 shares of the financial services provider’s stock worth $271,000 after buying an additional 209 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of OneMain by 2.7% during the second quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 210 shares during the period. Vista Finance LLC increased its position in shares of OneMain by 4.1% during the second quarter. Vista Finance LLC now owns 7,073 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 279 shares during the period. Deutsche Bank AG raised its stake in shares of OneMain by 0.8% in the first quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock valued at $1,788,000 after acquiring an additional 290 shares in the last quarter. Finally, Independent Advisor Alliance boosted its holdings in OneMain by 2.2% in the first quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 357 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OMF shares. JMP Securities set a $70.00 price target on OneMain in a report on Monday, November 3rd. Royal Bank Of Canada upped their target price on shares of OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citizens Jmp raised their target price on shares of OneMain from $63.00 to $70.00 and gave the company a “market outperform” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of OneMain in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.13.

OneMain Trading Up 0.4%

Shares of OneMain stock opened at $57.32 on Wednesday. The company has a fifty day simple moving average of $57.93 and a 200-day simple moving average of $56.61. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.45 and a beta of 1.37. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $1.31 earnings per share. On average, analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were given a $1.05 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Monday, November 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.3%. OneMain’s payout ratio is currently 71.19%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the transaction, the chief operating officer owned 88,221 shares of the company’s stock, valued at $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the sale, the chief executive officer owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. This represents a 13.13% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

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.