Philadelphia Financial Management of San Francisco LLC reduced its position in shares of OneMain Holdings Inc (NYSE:OMF) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,375 shares of the financial services provider’s stock after selling 186,792 shares during the period. Philadelphia Financial Management of San Francisco LLC owned approximately 0.24% of OneMain worth $8,379,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in OMF. SG Americas Securities LLC acquired a new position in OneMain during the third quarter worth about $119,000. State of Alaska Department of Revenue acquired a new position in OneMain during the fourth quarter worth about $142,000. Cornerstone Capital Management Holdings LLC. acquired a new position in OneMain during the fourth quarter worth about $164,000. Meadow Creek Investment Management LLC acquired a new position in OneMain during the fourth quarter worth about $199,000. Finally, Virginia Retirement Systems ET AL acquired a new position in OneMain during the third quarter worth about $206,000. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of OneMain stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 57.73% of the company’s stock.
Shares of OneMain Holdings Inc (NYSE:OMF) traded down $0.27 on Wednesday, reaching $31.30. The company had a trading volume of 16,988 shares, compared to its average volume of 976,460. The stock has a market cap of $4,260.00, a PE ratio of 16.27, a P/E/G ratio of 1.31 and a beta of 2.79. OneMain Holdings Inc has a 1 year low of $22.04 and a 1 year high of $36.32.
OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $799.00 million for the quarter, compared to analysts’ expectations of $798.70 million. OneMain had a return on equity of 15.04% and a net margin of 5.06%. OneMain’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. analysts expect that OneMain Holdings Inc will post 4.91 EPS for the current fiscal year.
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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