Great West Life Assurance Co. Can Has $605,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)


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Great West Life Assurance Co. Can increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 237.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,355 shares of the financial services provider’s stock after purchasing an additional 13,626 shares during the period. Great West Life Assurance Co. Can’s holdings in OneMain were worth $605,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Miller Value Partners LLC grew its stake in shares of OneMain by 6.7% during the third quarter. Miller Value Partners LLC now owns 2,405,222 shares of the financial services provider’s stock worth $75,162,000 after purchasing an additional 151,857 shares during the period. Nuveen Asset Management LLC lifted its holdings in OneMain by 93.1% during the second quarter. Nuveen Asset Management LLC now owns 2,111,697 shares of the financial services provider’s stock worth $51,821,000 after acquiring an additional 1,018,137 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in OneMain by 36.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,984 shares of the financial services provider’s stock worth $34,312,000 after acquiring an additional 294,727 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in OneMain by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,073,772 shares of the financial services provider’s stock worth $33,556,000 after acquiring an additional 129,565 shares in the last quarter. Finally, State Street Corp lifted its holdings in OneMain by 2.9% during the third quarter. State Street Corp now owns 931,952 shares of the financial services provider’s stock worth $29,124,000 after acquiring an additional 26,102 shares in the last quarter. 83.98% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jay N. Levine sold 54,276 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $40.19, for a total value of $2,181,352.44. Following the transaction, the director now owns 2,103,519 shares of the company’s stock, valued at $84,540,428.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay N. Levine sold 15,724 shares of the company’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $40.33, for a total value of $634,148.92. Following the completion of the transaction, the director now directly owns 2,157,795 shares in the company, valued at approximately $87,023,872.35. The disclosure for this sale can be found here. 2.45% of the stock is owned by insiders.

Shares of NYSE OMF opened at $51.65 on Thursday. The business’s 50 day moving average price is $44.81 and its two-hundred day moving average price is $34.65. The company has a market cap of $6.94 billion, a PE ratio of 11.16 and a beta of 2.35. OneMain Holdings, Inc. has a twelve month low of $12.21 and a twelve month high of $52.16.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Saturday, October 31st. The financial services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.93. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $938.42 million. OneMain had a return on equity of 18.05% and a net margin of 13.95%. During the same quarter in the previous year, the business earned $1.77 earnings per share. Equities analysts forecast that OneMain Holdings, Inc. will post 3.57 EPS for the current fiscal year.

Several research analysts have weighed in on OMF shares. Piper Sandler lifted their target price on OneMain from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Royal Bank of Canada boosted their price target on OneMain from $37.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. TheStreet upgraded OneMain from a “c+” rating to a “b-” rating in a report on Thursday, September 17th. Barclays upgraded OneMain from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $42.00 to $63.00 in a report on Thursday, December 10th. Finally, JMP Securities boosted their price target on OneMain from $38.00 to $44.00 and gave the company a “market outperform” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a sell rating and fifteen have given a buy rating to the stock. OneMain presently has an average rating of “Buy” and an average price target of $46.29.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. It also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; non-credit insurance; and optional home and auto membership plans.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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