OneMain (NYSE:OMF) Now Covered by Truist Financial

Equities researchers at Truist Financial started coverage on shares of OneMain (NYSE:OMF) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $75.00 price target on the financial services provider’s stock. Truist Financial’s target price points to a potential upside of 9.96% from the company’s current price.

Other research analysts also recently issued reports about the company. Citizens Jmp reduced their price objective on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a report on Monday, November 24th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. JPMorgan Chase & Co. lifted their price objective on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Royal Bank Of Canada increased their target price on shares of OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

OneMain Stock Performance

OneMain stock traded up $0.93 during trading hours on Monday, hitting $68.21. The company had a trading volume of 81,330 shares, compared to its average volume of 1,096,916. The firm has a market cap of $8.03 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.45 and a beta of 1.38. The company has a 50-day moving average price of $58.78 and a two-hundred day moving average price of $57.90. OneMain has a 1 year low of $38.00 and a 1 year high of $68.99.

OneMain (NYSE:OMF) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company posted $1.31 earnings per share. As a group, equities research analysts anticipate that OneMain will post 6.46 EPS for the current year.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 652 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the completion of the sale, the senior vice president owned 15,179 shares of the company’s stock, valued at approximately $941,098. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $59.54, for a total value of $2,083,900.00. Following the sale, the chief executive officer owned 231,600 shares in the company, valued at $13,789,464. The trade was a 13.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,652 shares of company stock worth $2,420,324 in the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Pallas Capital Advisors LLC purchased a new stake in OneMain during the 2nd quarter valued at about $350,000. Invesco Ltd. boosted its holdings in shares of OneMain by 16.4% during the 1st quarter. Invesco Ltd. now owns 335,097 shares of the financial services provider’s stock worth $16,380,000 after purchasing an additional 47,099 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of OneMain in the first quarter valued at approximately $515,000. Cooperman Leon G increased its holdings in shares of OneMain by 187.7% in the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock valued at $43,454,000 after purchasing an additional 580,000 shares during the last quarter. Finally, Channing Capital Management LLC increased its holdings in shares of OneMain by 27.2% in the first quarter. Channing Capital Management LLC now owns 98,378 shares of the financial services provider’s stock valued at $4,809,000 after purchasing an additional 21,066 shares during the last quarter. 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.