Thrivent Financial for Lutherans Has $18.30 Million Stake in OneMain Holdings, Inc. $OMF

Thrivent Financial for Lutherans boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,007 shares of the financial services provider’s stock after acquiring an additional 16,975 shares during the quarter. Thrivent Financial for Lutherans owned 0.27% of OneMain worth $18,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of OneMain in the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in OneMain during the first quarter worth approximately $42,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after buying an additional 363 shares during the last quarter. Golden State Wealth Management LLC raised its stake in OneMain by 2,940.0% in the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock valued at $52,000 after buying an additional 882 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of OneMain in the second quarter valued at approximately $56,000. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the transaction, the chief executive officer directly owned 231,600 shares of the company’s stock, valued at $13,789,464. The trade was a 13.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the sale, the chief operating officer directly owned 88,221 shares in the company, valued at approximately $5,222,683.20. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 40,652 shares of company stock worth $2,420,324. Company insiders own 0.40% of the company’s stock.

OneMain Stock Performance

OMF opened at $67.75 on Wednesday. The stock has a fifty day moving average of $59.79 and a 200-day moving average of $58.41. The company has a market capitalization of $7.98 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.47 and a beta of 1.38. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $70.17.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm earned $1.31 earnings per share. On average, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were given a $1.05 dividend. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.2%. OneMain’s dividend payout ratio (DPR) is presently 71.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OMF shares. Citizens Jmp decreased their target price on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a report on Monday, November 24th. JMP Securities set a $68.00 price objective on shares of OneMain in a research report on Monday, November 24th. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Truist Financial assumed coverage on shares of OneMain in a research note on Monday, December 8th. They set a “buy” rating and a $75.00 target price for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $64.00.

About OneMain

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.