Lodge Hill Capital LLC Invests $6.79 Million in OneMain Holdings, Inc. (NYSE:OMF)

Lodge Hill Capital LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 140,000 shares of the financial services provider’s stock, valued at approximately $6,789,000. OneMain accounts for 1.8% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 16th largest position. Lodge Hill Capital LLC owned about 0.12% of OneMain at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Summit Trail Advisors LLC bought a new stake in OneMain in the 2nd quarter valued at $431,000. Sei Investments Co. increased its stake in OneMain by 82.3% in the second quarter. Sei Investments Co. now owns 13,573 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 6,128 shares during the period. AE Wealth Management LLC acquired a new position in OneMain in the second quarter worth about $242,000. XTX Topco Ltd lifted its stake in OneMain by 60.2% during the second quarter. XTX Topco Ltd now owns 15,332 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 5,759 shares during the period. Finally, Seven Eight Capital LP boosted its holdings in OneMain by 39.2% during the second quarter. Seven Eight Capital LP now owns 22,897 shares of the financial services provider’s stock valued at $1,110,000 after purchasing an additional 6,443 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Performance

NYSE OMF opened at $49.08 on Friday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The stock has a fifty day moving average of $48.23 and a 200-day moving average of $48.77.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same period last year, the company earned $1.01 earnings per share. Equities research analysts forecast that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. OneMain’s payout ratio is presently 81.09%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OMF. JMP Securities raised their target price on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. BTIG Research initiated coverage on shares of OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upped their target price on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief executive officer now owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at approximately $20,873,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares in the company, valued at approximately $5,520,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,300 shares of company stock valued at $1,534,275. 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.