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OneMain (OMF) Company Profile

Updated May 14, 2020
OneMain has the following business profile:
Company's Full Name:OneMain Holdings, Inc.
Short Name:OneMain
Trading Ticker Symbol:OMF
Primary Exchange:NYSE
Headquarter City/Country:Evansville, IN, United States
Primary Industry Sector:Finance
Seconday Sub-sector:Consumer Finance Services
Main Business Areas: Finance, Consumer Finance Services, Financial Services, Credit Services
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding OneMain stock

Market and Trading Information for OneMain

The following details were available for trading and market data about the stock of OneMain as of writing:
Current Share Price:$20.41
Previous Year's Closing Price:$42.15
Percentage Price Change (YTD):-51.58%
Market Cap:$2.74 billion
52-week Price Range:$12.21 - $48.92
Dividend Per Share:$1.08
EPS (TTM):5.4
Price-Earnings (Trailing):3.78
Price-Earnings (Forward):4.04

Company Profile and Business Description for OneMain

OneMain Holdings, Inc., incorporated on August 5, 2013, is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company's segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other. It is engaged in pursuing strategic acquisitions and dispositions of assets and businesses, including loan portfolios or other financial assets. The Company's subsidiaries include Springleaf Finance, Inc. (SFI) and Independence Holdings, LLC (Independence). SFI's principal subsidiary is Springleaf Finance Corporation (SFC), and Independence's principal subsidiary is OneMain Financial Holdings, LLC (OMFH). SFC and OMFH are financial services holding companies with subsidiaries engaged in the consumer finance and insurance businesses.

Consumer and Insurance

The Company originates and services personal loans (secured and unsecured) through two business divisions: branch operations and centralized operations. It also offers credit insurance (life insurance, disability insurance, and involuntary unemployment insurance), non-credit insurance, and ancillary products, such as auto membership plans. As of December 31, 2016, its combined branch operations included over 1,800 branch offices in 44 states. Its centralized operations underwrite and process certain loan applications that it receives from its branch operations or through an Internet portal. If the applicant is located near an existing branch (in footprint), its centralized operations make the credit decision regarding the application and then request, but do not require, the customer to visit a nearby branch for closing, funding and servicing. If the applicant is not located near a branch (out of footprint), its centralized operations originate the loan.

The Company's insurance business is conducted through Springleaf insurance subsidiaries, Merit Life Insurance Co. (Merit) and Yosemite Insurance Company (Yosemite), and OneMain's insurance subsidiaries, American Health and Life Insurance Company (AHL) and Triton Insurance Company (Triton). The Company offers optional credit insurance products to its customers, including credit life insurance, credit disability insurance, credit involuntary unemployment insurance and collateral protection insurance. It also offers optional, non-credit insurance policies, which are primarily traditional level-term life policies with very limited underwriting.

Acquisitions and Servicing

The Company's Acquisitions and Servicing segment included its interest expense in the SpringCastle Portfolio. These loans consisted of unsecured loans and loans secured by subordinate residential real estate mortgages and included both closed-end accounts and open-end lines of credit. The Company will continue to provide the servicing for these loans pursuant to a servicing agreement, which it services as unsecured loans.

Real Estate

The Company services and holds real estate loans secured by first or second mortgages on residential real estate. Real estate loans previously originated through its branch offices or previously acquired or originated through centralized distribution channels are serviced by MorEquity and subserviced by Nationstar Mortgage LLC (Nationstar); Select Portfolio Servicing, Inc., and its centralized operations. Investment funds managed by affiliates of Fortress indirectly own a majority interest in Nationstar.

601 NW 2nd St

ETFs Holding OneMain Stock

As of March 2020, the following exchange-traded funds (ETF) hold the OneMain stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have OneMain stock holding. There are a total of 71 ETFs in Fknol.com records which are holding OneMain stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
AMCAiShares Russell 1000 Pure US Revenue ETFThe iShares Russell 1000 Pure US Revenue ETF tracks a market-cap-weighted index of large- and midcap US stocks that generate a substantial portion of their revenue from domestic sales. ...Full Details0.15%409
Full List
Annually
DTDWisdomTree US Total Dividend ETFThe WisdomTree U.S. Total Dividend Fund tracks an index of U.S. companies selected and weighted based on the dollar amount of dividends paid. ...Full Details0.28%864
Full List
Monthly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
IEFNiShares Evolved US Financials ETFThe iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%254
Full List
Annually
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IUSInvesco Strategic US ETFIUS tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by "quality" metrics. Stocks are weighted by firm size. ...Full Details0.19%544
Full List
Quarterly
IWBiShares Russell 1000 ETFThe iShares Russell 1000 ETF tracks a market-cap-weighted index of the 1000-largest US companies. ...Full Details0.15%985
Full List
Quarterly

See Full List of ETFs holding OneMain stock in their respective portfolios.

Peer / Competitor Companies of Consumer Finance Services Sector

Along with OneMain Holdings, Inc., the following other peer (competitor) companies also exist within the same Consumer Finance Services - Finance sector whose company profile and dividend history is as follows:

▶ AllianzGI NFJ Dividend Interest and Premium Strate (NFJ): NFJ Dividend, Interest& Premium Strategy Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and gains, with a secondary ....See Detailed Company Profile,  Dividend History

▶ Ally Financial (ALLY): Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates throug....See Detailed Company Profile,  Dividend History

▶ America First Multifamily Investors (ATAX): America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifami....See Detailed Company Profile,  Dividend History

▶ American Express (AXP): American Express Company, incorporated on June 10, 1965, together with its subsidiaries, is a global services company. The Companys principal products and services are charge and credit card products, and ....See Detailed Company Profile,  Dividend History

▶ Atlanticus (ATLC): Atlanticus Holdings Corporation, incorporated on May 14, 2009, is focused on providing financial services. Through its subsidiaries, the Company offers an array of financial products and services. The Company operates ....See Detailed Company Profile,  Dividend History

▶ CIT DEL (CIT): CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and....See Detailed Company Profile,  Dividend History

▶ Consumer Portfolio (CPSS): Consumer Portfolio Services, Inc., incorporated on March 8, 1991, is a specialty finance company. The Companys business is to purchase and service retail automobile contracts originated primarily by franchised automobile ....See Detailed Company Profile,  Dividend History

▶ Credit Acceptance (CACC): Credit Acceptance Corporation, incorporated on August 23, 1972, offers financing programs that enable automobile dealers to sell vehicles to consumers. The Companys financing programs are offered through a network of ....See Detailed Company Profile,  Dividend History

▶ Discover Financial (DFS): Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards t....See Detailed Company Profile,  Dividend History

▶ Enova International (ENVA): Enova International, Inc., incorporated on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged ....See Detailed Company Profile,  Dividend History

▶ Equifax (EFX): Equifax Inc., incorporated on December 20, 1913, is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in ....See Detailed Company Profile,  Dividend History

▶ Everi (EVRI): Everi Holdings Inc., incorporated on February 4, 2004, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc. (Everi Games Holding) and Everi Payments Inc. (Everi ....See Detailed Company Profile,  Dividend History

▶ Green Dot (GDOT): Green Dot Corporation (Green Dot), incorporated on October 26, 1999, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing ....See Detailed Company Profile,  Dividend History

▶ LendingTree (TREE): LendingTree, Inc. (LendingTree), incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Companys online marketplace provides consumers ....See Detailed Company Profile,  Dividend History

▶ LM Funding America (LMFA): LM Funding America, Inc., incorporated on April 20, 2015, is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFIN): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFINL): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Moody's (MCO): Moodys Corporation (Moodys), incorporated on June 2, 2000, is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk ....See Detailed Company Profile,  Dividend History

▶ Navient (JSM): Navient Corporation, incorporated on November 7, 2013, provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds ....See Detailed Company Profile,  Dividend History

▶ Nelnet (NNI): Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Consumer Finance Services Sector.

Stock List of Other Finance Sub-sectors

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▶ Stocks of Savings Institutions Sector

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▶ Stocks of Specialty Insurance Sector

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Stock List of Other Top-level Sectors

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▶ Stocks of Consumer Cyclical Sector

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