OneMain's (OMF) "Outperform" Rating Reaffirmed at Royal Bank of Canada

OneMain (NYSE:OMF - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $62.00 price target on the financial services provider's stock. Royal Bank of Canada's target price suggests a potential upside of 13.27% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company raised their price target on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. StockNews.com lowered OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Compass Point boosted their target price on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Stephens began coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, OneMain has an average rating of "Moderate Buy" and an average price target of $56.31.

OneMain Price Performance

Shares of OMF stock traded up $0.31 on Thursday, hitting $54.74. 738,441 shares of the stock traded hands, compared to its average volume of 844,354. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.44 and a beta of 1.58. The firm has a 50 day simple moving average of $54.45 and a two-hundred day simple moving average of $50.23. OneMain has a 52 week low of $41.70 and a 52 week high of $57.97.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 1,992 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the sale, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneMain

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC grew its stake in shares of OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider's stock valued at $92,827,000 after buying an additional 24,338 shares during the period. Frank Rimerman Advisors LLC acquired a new position in OneMain in the second quarter valued at approximately $608,000. TCW Group Inc. grew its position in OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock worth $2,636,000 after acquiring an additional 10,744 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in OneMain by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after acquiring an additional 271 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in OneMain by 19.5% in the second quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider's stock valued at $32,900,000 after purchasing an additional 110,862 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

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.