Arbejdsmarkedets Tillaegspension Takes Position in OneMain Holdings, Inc. $OMF

Arbejdsmarkedets Tillaegspension purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the fourth quarter, HoldingsChannel reports. The firm purchased 360,772 shares of the financial services provider’s stock, valued at approximately $24,370,000.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of OneMain by 9.1% in the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after buying an additional 176 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in OneMain by 3.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 177 shares in the last quarter. Generali Asset Management SPA SGR increased its position in OneMain by 5.9% during the 4th quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 190 shares in the last quarter. PNC Financial Services Group Inc. increased its position in OneMain by 5.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,423 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 209 shares in the last quarter. Finally, Activest Wealth Management increased its position in OneMain by 37.6% during the 4th quarter. Activest Wealth Management now owns 794 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 2.9%

Shares of NYSE:OMF opened at $53.95 on Friday. The stock’s 50-day moving average price is $54.91 and its two-hundred day moving average price is $60.07. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.39 and a beta of 1.27.

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

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 11th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Monday, May 11th. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at OneMain

In other OneMain 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 value of $300,000.00. Following the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on OMF. Truist Financial dropped their price objective on OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Royal Bank Of Canada dropped their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Stephens dropped their price objective on OneMain to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.30.

OneMain Company 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.