OneMain Holdings, Inc. $OMF Stock Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,991 shares of the financial services provider’s stock after selling 32,392 shares during the period. Thrivent Financial for Lutherans’ holdings in OneMain were worth $21,142,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OMF. Root Financial Partners LLC acquired a new position in OneMain in the third quarter worth $26,000. Activest Wealth Management boosted its holdings in OneMain by 1,102.1% in the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 529 shares during the period. Atlantic Union Bankshares Corp acquired a new position in OneMain in the fourth quarter worth $36,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 262 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of OneMain during the 3rd quarter valued at about $46,000. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Evercore set a $55.00 target price on OneMain in a research note on Tuesday, March 17th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Finally, Wells Fargo & Company cut their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $68.30.

OneMain Stock Performance

Shares of OMF opened at $53.48 on Monday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The stock’s fifty day moving average is $54.88 and its 200-day moving average is $60.04.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $1.72 EPS. OneMain’s revenue was up 6.7% on a year-over-year basis. Analysts forecast that OneMain Holdings, Inc. will post 7.39 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.9%. OneMain’s dividend payout ratio (DPR) is currently 62.50%.

OneMain Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.