Nisa Investment Advisors LLC Buys 1,200 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Nisa Investment Advisors LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,900 shares of the financial services provider’s stock after acquiring an additional 1,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in OneMain were worth $308,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC bought a new stake in OneMain in the 3rd quarter valued at $28,000. Blue Trust Inc. grew its holdings in OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after buying an additional 476 shares in the last quarter. Finally, UMB Bank n.a. increased its position in OneMain by 13.9% during the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OMF. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of OneMain in a report on Thursday, January 16th. JMP Securities raised their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Compass Point lifted 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.69.

Get Our Latest Stock Report on OneMain

OneMain Trading Down 1.9 %

Shares of NYSE OMF opened at $56.95 on Thursday. The stock has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $50.80. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.50 and a beta of 1.58.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

OneMain Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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