Vestcor Inc Has $1.39 Million Holdings in OneMain Holdings, Inc. $OMF

Vestcor Inc grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 174.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,667 shares of the financial services provider’s stock after buying an additional 15,694 shares during the period. Vestcor Inc’s holdings in OneMain were worth $1,393,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of OneMain during the 3rd quarter valued at $26,000. Activest Wealth Management grew its holdings in OneMain by 1,102.1% in the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 529 shares during the period. Bayforest Capital Ltd grew its holdings in OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 574 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 262 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 valued at $47,000 after purchasing an additional 363 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares in the company, valued at approximately $6,162,500. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the sale, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by company insiders.

OneMain Price Performance

Shares of NYSE OMF opened at $53.78 on Thursday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.39 and a beta of 1.34. The company has a 50-day moving average price of $61.63 and a 200-day moving average price of $61.13. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a net margin of 14.35% and a return on equity of 23.76%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. OneMain’s dividend payout ratio is 63.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OMF shares. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. Truist Financial decreased their target price on OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Finally, Wells Fargo & Company decreased their price objective on OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.11.

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.