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

Evercore ISI initiated coverage on shares of OneMain (NYSE:OMF - Free Report) in a research note published on Tuesday morning, Marketbeat reports. The firm issued an in-line rating and a $58.00 price target on the financial services provider's stock.

Several other analysts have also weighed in on OMF. Stephens reissued an "overweight" rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities restated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Six 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.17.

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OneMain Trading Down 4.1 %

OMF stock traded down $2.06 during trading on Tuesday, reaching $48.43. 1,149,284 shares of the stock were exchanged, compared to its average volume of 989,703. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a market capitalization of $5.78 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The stock has a 50 day simple moving average of $53.20 and a 200-day simple moving average of $51.99.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.59%. OneMain's dividend payout ratio is 98.11%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMF. Charles Schwab Investment Management Inc. lifted its stake in shares of OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock valued at $66,483,000 after acquiring an additional 30,558 shares during the period. Cerity Partners LLC lifted its position in OneMain by 23.6% during the 3rd quarter. Cerity Partners LLC now owns 41,863 shares of the financial services provider's stock valued at $1,970,000 after purchasing an additional 7,989 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of OneMain in the 3rd quarter valued at about $1,424,000. Independent Advisor Alliance grew its position in shares of OneMain by 6.4% during the 3rd quarter. Independent Advisor Alliance now owns 11,158 shares of the financial services provider's stock worth $525,000 after buying an additional 669 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of OneMain during the third quarter worth approximately $2,565,000. 85.82% of the stock is currently owned by institutional investors.

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.