OneMain (NYSE:OMF) Coverage Initiated by Analysts at Evercore ISI

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

OMF has been the topic of several other reports. JMP Securities restated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.17.

OneMain Trading Up 4.9 %

Shares of OneMain stock opened at $52.88 on Tuesday. The firm has a market cap of $6.31 billion, a PE ratio of 12.47, a PEG ratio of 0.44 and a beta of 1.62. OneMain has a 12 month low of $41.70 and a 12 month high of $58.90. The stock has a 50 day moving average of $53.52 and a 200 day moving average of $51.86.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneMain

A number of institutional investors have recently bought and sold shares of OMF. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. FNY Investment Advisers LLC purchased a new position in shares of OneMain during the 4th quarter valued at about $26,000. Albion Financial Group UT acquired a new position in shares of OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain in the third quarter worth about $28,000. Finally, IFP Advisors Inc raised its position in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other 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.