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

Thrivent Financial for Lutherans decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,516 shares of the financial services provider's stock after selling 49,362 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.14% of OneMain worth $8,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in shares of OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in OneMain in the second quarter worth approximately $34,000. Blue Trust Inc. lifted its stake in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock valued at $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock worth $49,000 after buying an additional 304 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after buying an additional 437 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on OMF shares. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com downgraded OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. JMP Securities upped their price target on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. Finally, Stephens assumed coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.46.

OneMain Stock Performance

OneMain stock traded up $1.03 during midday trading on Friday, reaching $56.60. 751,746 shares of the stock were exchanged, compared to its average volume of 1,336,678. The company's fifty day moving average is $49.39 and its 200-day moving average is $48.80. OneMain Holdings, Inc. has a 52 week low of $37.93 and a 52 week high of $56.85. The firm has a market cap of $6.76 billion, a PE ratio of 12.39, a PEG ratio of 0.68 and a beta of 1.54.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.35%. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now owns 392,474 shares of the company's stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 1,614 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the sale, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,792 shares of company stock valued at $2,187,784. Company insiders own 0.45% of the company's stock.

OneMain Company Profile

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.