Arbejdsmarkedets Tillaegspension Has $25.45 Million Stake in OneMain Holdings, Inc. $OMF

Arbejdsmarkedets Tillaegspension raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 31.9% in the first quarter, Holdings Channel reports. The fund owned 475,715 shares of the financial services provider’s stock after purchasing an additional 114,943 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in OneMain were worth $25,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Diversify Wealth Management LLC bought a new position in OneMain in the 1st quarter valued at approximately $428,000. Fifth Third Bancorp grew its stake in shares of OneMain by 137,285.7% during the first quarter. Fifth Third Bancorp now owns 28,851 shares of the financial services provider’s stock worth $1,543,000 after buying an additional 28,830 shares during the last quarter. Barnett & Company Inc. grew its stake in shares of OneMain by 0.6% during the first quarter. Barnett & Company Inc. now owns 112,790 shares of the financial services provider’s stock worth $6,033,000 after buying an additional 617 shares during the last quarter. Seelaus Asset Management LLC increased its holdings in shares of OneMain by 6.9% during the first quarter. Seelaus Asset Management LLC now owns 15,551 shares of the financial services provider’s stock worth $832,000 after buying an additional 1,000 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of OneMain during the first quarter worth $237,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Up 0.1%

OMF opened at $59.29 on Monday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The company has a fifty day moving average of $56.39 and a 200-day moving average of $58.51. The stock has a market cap of $6.85 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.45 and a beta of 1.22.

OneMain (NYSE:OMF) last released its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. OneMain’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 7.23 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OMF shares. JPMorgan Chase & Co. cut their price objective on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company lowered their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Evercore set a $66.00 target price on OneMain in a research report on Monday, July 6th. TD Cowen lifted their price target on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Truist Financial reduced their price target on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.80.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $114,576.00. Following the transaction, the senior vice president owned 13,127 shares in the company, valued at $813,874. The trade was a 12.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,848 shares of company stock worth $724,576. Insiders own 0.29% of the company’s stock.

About OneMain

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.