OneMain Holings, Inc. (NYSE:OMF) is 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 unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1912 and is based in Evansville, Indiana.

Stock Overview

• Market Cap: 5.138 billion
• PE Ratio: 5.53
• EPS: 7.60
• Dividend Yield: 9.27%

On October 28, Citi analyst Arren Cyganovich raised the price target on OneMain Holdings, Inc. from $38 to $39 and kept a Buy rating on the shares following the Q3 results. OneMain Holdings’s credit tightening actions seem to be working to slow the steep risk in credit losses back towards the targeted levels, the analyst told investors in a research note.

Among the hedge funds tracked by Insider Monkey, 28 funds were long OneMain Holdings, Inc. at the end of June 2022, compared to 37 funds in the last quarter. Glenn Greenberg’s Brave Warrior Capital is the biggest stakeholder of the company, with 2.8 million shares worth $108 million.