Jackson Creek Investment Advisors LLC Buys Shares of 27,849 OneMain Holdings, Inc. $OMF

Jackson Creek Investment Advisors LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,849 shares of the financial services provider’s stock, valued at approximately $1,572,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMF. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of OneMain by 84.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234,521 shares of the financial services provider’s stock worth $13,241,000 after purchasing an additional 107,204 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of OneMain by 43.1% in the 3rd quarter. D.A. Davidson & CO. now owns 34,385 shares of the financial services provider’s stock valued at $1,941,000 after buying an additional 10,357 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of OneMain during the 3rd quarter valued at about $907,000. Empowered Funds LLC raised its stake in OneMain by 30.2% during the second quarter. Empowered Funds LLC now owns 60,125 shares of the financial services provider’s stock worth $3,427,000 after acquiring an additional 13,963 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in OneMain by 24.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 209,282 shares of the financial services provider’s stock worth $11,680,000 after acquiring an additional 41,670 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OMF opened at $65.36 on Tuesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $71.93. The stock’s fifty day moving average is $66.49 and its 200-day moving average is $61.21. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.32. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a net margin of 13.15% and a return on equity of 22.70%. During the same quarter in the prior year, the company posted $1.31 earnings per share. Analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on OMF. Citizens Jmp lowered their target price on OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a report on Monday, November 24th. Barclays boosted their price objective on OneMain from $56.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Royal Bank Of Canada boosted their price target on shares of OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Truist Financial began coverage on shares of OneMain in a research report on Monday, December 8th. They set a “buy” rating and a $75.00 price target for the company. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $72.33.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the sale, the chief executive officer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $59.20, for a total value of $296,000.00. Following the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 63,152 shares of company stock valued at $4,269,999. Company insiders own 0.40% of the company’s stock.

OneMain Profile

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.