OneMain (NYSE:OMF) Stock Rating Upgraded by StockNews.com

OneMain (NYSE:OMF) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other analysts also recently issued reports on the company. 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 research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average target price of $57.15.

OneMain Stock Down 1.7 %

NYSE:OMF traded down $0.94 during trading hours on Monday, hitting $54.60. 1,735,162 shares of the stock were exchanged, compared to its average volume of 1,115,732. OneMain has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a market capitalization of $6.52 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. The company’s 50 day moving average is $54.74 and its two-hundred day moving average is $50.87.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several hedge funds and other institutional investors have recently modified their holdings of OMF. TCW Group Inc. raised its position in shares of OneMain by 23.7% during the 3rd 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares in the last quarter. Quest Partners LLC grew its holdings in OneMain by 430.4% in the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after buying an additional 31,341 shares during the period. Empowered Funds LLC increased its position in shares of OneMain by 38.1% in the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after acquiring an additional 9,349 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.