Evercore ISI Begins Coverage on OneMain (NYSE:OMF)

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

Several other research analysts also recently weighed in on OMF. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.17.

OneMain Stock Down 1.3 %

Shares of OneMain stock opened at $50.46 on Tuesday. OneMain has a 12-month low of $41.70 and a 12-month high of $58.90. The firm has a market capitalization of $6.02 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The stock’s fifty day moving average is $53.33 and its 200-day moving average is $51.90.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given 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 8.24%. OneMain’s payout ratio is currently 98.11%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

Institutional Trading of OneMain

A number of hedge funds have recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in OneMain during the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in OneMain in the fourth quarter valued at about $26,000. Albion Financial Group UT acquired a new position in OneMain in the fourth quarter worth about $26,000. Continuum Advisory LLC bought a new position in OneMain during the third quarter worth about $28,000. Finally, IFP Advisors Inc grew its stake in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the period. Institutional investors 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.