OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by KLP Kapitalforvaltning AS

by · The Cerbat Gem

KLP Kapitalforvaltning AS lessened its position in OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,600 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in OneMain were worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Prosperity Consulting Group LLC increased its stake in OneMain by 4.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 281 shares during the period. Essex Financial Services Inc. grew its holdings in shares of OneMain by 6.7% in the first quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 288 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of OneMain by 1.3% in the fourth quarter. Hancock Whitney Corp now owns 22,212 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 295 shares in the last quarter. NewEdge Advisors LLC increased its stake in OneMain by 5.2% during the 4th quarter. NewEdge Advisors LLC now owns 6,809 shares of the financial services provider’s stock worth $355,000 after buying an additional 334 shares during the period. Finally, Allworth Financial LP lifted its holdings in OneMain by 21.7% during the 1st quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider’s stock worth $96,000 after buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 368,925 shares of the company’s stock, valued at $18,446,250. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the sale, the chief operating officer owned 108,007 shares of the company’s stock, valued at approximately $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $5,082,190 in the last 90 days. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on OMF shares. Barclays boosted their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Northland Securities raised OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price target on OneMain from $53.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.78.

View Our Latest Stock Report on OneMain

OneMain Stock Up 1.3%

OMF stock opened at $59.37 on Monday. The business has a 50 day moving average price of $55.05 and a 200 day moving average price of $52.23. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.47 and a beta of 1.32. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $60.33.

OneMain (NYSE:OMF – Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.77%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.01%. OneMain’s dividend payout ratio is presently 87.95%.

About OneMain

(Free Report)

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.

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