OneMain (NYSE:OMF) Now Covered by Analysts at Evercore ISI

Analysts at Evercore ISI initiated coverage on shares of OneMain (NYSE:OMF) in a research note issued to investors on Tuesday,Benzinga reports. The firm set an “in-line” rating and a $58.00 price target on the financial services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 9.69% from the stock’s current price.

OMF has been the subject of a number of other reports. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $59.17.

OneMain Trading Up 4.9 %

Shares of OMF stock opened at $52.88 on Tuesday. The company has a market capitalization of $6.31 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.44 and a beta of 1.62. The business’s 50 day moving average is $53.52 and its two-hundred day moving average is $51.86. OneMain has a 12-month low of $41.70 and a 12-month high of $58.90.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On OneMain

A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock valued at $117,280,000 after purchasing an additional 1,796,054 shares during the last quarter. Norges Bank purchased a new position in OneMain during the 4th quarter valued at about $72,936,000. FMR LLC grew its position in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. Clearbridge Investments LLC increased its stake in OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after purchasing an additional 1,013,312 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of OneMain in the fourth quarter valued at approximately $46,195,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

About OneMain

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.