OneMain Holdings, Inc. $OMF Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 40.5% during the fourth quarter, Holdings Channel reports. The fund owned 14,667 shares of the financial services provider’s stock after selling 10,000 shares during the quarter. Vestcor Inc’s holdings in OneMain were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of OMF. Norges Bank purchased a new position in OneMain during the fourth quarter valued at approximately $100,312,000. Certuity LLC raised its position in OneMain by 107.6% during the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider’s stock valued at $109,013,000 after acquiring an additional 1,000,654 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in OneMain by 57.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after acquiring an additional 713,670 shares in the last quarter. Goldman Sachs Group Inc. raised its position in OneMain by 47.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,855,709 shares of the financial services provider’s stock valued at $125,353,000 after acquiring an additional 596,455 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in OneMain by 254.2% during the third quarter. Qube Research & Technologies Ltd now owns 741,752 shares of the financial services provider’s stock valued at $41,879,000 after acquiring an additional 532,324 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Price Performance

OneMain stock opened at $54.00 on Tuesday. The stock has a market capitalization of $6.24 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The business has a 50 day simple moving average of $55.44 and a 200-day simple moving average of $59.49.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. On average, equities research analysts anticipate that OneMain Holdings, Inc. will post 7.38 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OMF. TD Cowen reiterated a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price target on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Barclays reduced their price target on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company reduced their price target on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. reduced their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.30.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s 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 completion of the sale, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

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.