OneMain Holdings: Successfully Navigating The Storm [Seeking Alpha]
OneMain Holdings, Inc. (OMF)
Last onemain holdings, inc. earnings: 4/27 04:30 pm
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US:NYSE Investor Relations:
investor.onemainfinancial.com
Company Research
Source: Seeking Alpha
The company's Q4 earnings showed a deceleration in loan origination but demonstrated strong profitability and capital generation. OneMain is expanding into auto-finance and credit cards, which offer profitable pathways of growth in wider markets. My inaugural analysis on Seeking Alpha covered OneMain Holdings ( NYSE: OMF ), a personal lender to the subprime market (which they label nonprime). In my thesis, I differentiated their business model from the practices that precipitated the 2008 Financial Crisis and noted how their risk model allows them to originate loans with strong credit quality among these low-score borrowers. Shortly after, the price of OMF shot up and nearly exceeded $50. After hovering in the upper $40s for the last couple of months, shares tumbled again to the low $40s after Q4 2023 earnings came out this past week. Yet, I believe the market is failing, once again, to appreciate the true value of this company, even under conservative assumptions. That's why I
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OMF
News
- AM Best Downgrades Credit Ratings of Merit Life Insurance Company; Maintains Under Review with Developing Implications Status [Yahoo! Finance]Yahoo! Finance
- KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2024-1 [Yahoo! Finance]Yahoo! Finance
- OneMain Holdings, Inc. (NYSE: OMF) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $57.00 price target on the stock.MarketBeat
- OneMain Holdings Announces Date of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- OneMain Holdings Announces Date of First Quarter 2024 Earnings Release and Conference CallPR Newswire
OMF
Earnings
- 2/7/24 - Beat
OMF
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- OMF's page on the SEC website