4,303 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,303 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OMF. Stephens Inc. AR grew its stake in OneMain by 2.2% in the 4th quarter. Stephens Inc. AR now owns 21,481 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 461 shares during the period. Empowered Funds LLC lifted its holdings in OneMain by 49.3% during the fourth quarter. Empowered Funds LLC now owns 50,597 shares of the financial services provider’s stock valued at $2,638,000 after purchasing an additional 16,709 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of OneMain by 12.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 32,081 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 3,630 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of OneMain by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,410 shares of the financial services provider’s stock worth $1,275,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of OneMain by 11.7% during the 4th quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 577 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMF has been the topic of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average target price of $58.36.

OneMain Price Performance

Shares of NYSE OMF opened at $55.25 on Friday. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The company has a market capitalization of $6.59 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.45 and a beta of 1.59. The company has a 50 day simple moving average of $54.59 and a 200-day simple moving average of $51.08.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.53%. OneMain’s dividend payout ratio is currently 98.11%.

OneMain 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.