Thrivent Financial for Lutherans Trims Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Thrivent Financial for Lutherans trimmed its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,372 shares of the financial services provider's stock after selling 14,144 shares during the quarter. Thrivent Financial for Lutherans owned 0.13% of OneMain worth $8,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP boosted its stake in shares of OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock worth $1,305,000 after purchasing an additional 204 shares during the period. SlateStone Wealth LLC boosted its position in shares of OneMain by 3.2% during the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock valued at $369,000 after buying an additional 220 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after buying an additional 234 shares during the period. Finally, Avitas Wealth Management LLC lifted its stake in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock worth $2,368,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

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Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by corporate insiders.

OneMain Price Performance

OneMain stock traded down $0.35 during trading hours on Wednesday, reaching $51.17. The stock had a trading volume of 767,849 shares, compared to its average volume of 955,579. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90. The business's 50 day moving average price is $53.48 and its 200-day moving average price is $51.91. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.13%. OneMain's dividend payout ratio (DPR) is 98.11%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OMF shares. JPMorgan Chase & Co. reduced their target price on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and an average target price of $59.17.

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.