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

Essex Financial Services Inc. bought a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,303 shares of the financial services provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in shares of OneMain during the 4th quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in OneMain during the 4th quarter valued at about $26,000. Albion Financial Group UT purchased a new stake in OneMain in the fourth quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in OneMain in the third quarter valued at about $28,000. Finally, Richardson Financial Services Inc. acquired a new stake in OneMain in the fourth quarter worth about $44,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

OneMain Stock Up 0.8 %

OneMain stock opened at $55.25 on Friday. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. The business’s 50-day moving average price is $54.59 and its 200 day moving average price is $51.08.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 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.