Stephens Initiates Coverage on OneMain (NYSE:OMF)

Research analysts at Stephens started coverage on shares of OneMain (NYSE:OMF - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $62.00 price target on the financial services provider's stock. Stephens' price target would indicate a potential upside of 13.45% from the company's current price.

OMF has been the subject of a number of other research reports. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Northland Securities increased their target price on OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, OneMain presently has an average rating of "Moderate Buy" and a consensus price target of $55.46.

OneMain Trading Up 1.0 %

NYSE OMF traded up $0.53 on Wednesday, reaching $54.65. 1,018,084 shares of the company were exchanged, compared to its average volume of 1,016,503. OneMain has a fifty-two week low of $37.78 and a fifty-two week high of $56.28. The stock has a market capitalization of $6.52 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The business's fifty day moving average price is $47.78 and its 200 day moving average price is $48.54.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares in the company, valued at approximately $985,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the sale, the chief operating officer now owns 102,239 shares of the company's stock, valued at $5,316,428. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,292 shares of company stock worth $1,918,484. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On OneMain

A number of large investors have recently bought and sold shares of OMF. Capital International Investors lifted its holdings in OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider's stock valued at $488,937,000 after acquiring an additional 889,387 shares during the period. Clearbridge Investments LLC increased its holdings in shares of OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock valued at $96,561,000 after purchasing an additional 743,034 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock valued at $34,824,000 after purchasing an additional 708,804 shares during the period. Vanguard Group Inc. boosted its holdings in OneMain by 3.1% during the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider's stock worth $629,314,000 after buying an additional 373,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in OneMain during the third quarter worth about $17,016,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Company Profile

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.