Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,649 shares of the company's stock after selling 3,300 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Mr. Cooper Group worth $6,779,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COOP. Picton Mahoney Asset Management grew its position in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $48,000. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $51,000. Covestor Ltd grew its position in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after buying an additional 599 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after buying an additional 222 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on COOP shares. UBS Group boosted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities restated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays boosted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Stock Performance

NASDAQ COOP traded down $1.46 on Monday, reaching $115.26. The stock had a trading volume of 731,955 shares, compared to its average volume of 570,970. Mr. Cooper Group Inc. has a 12-month low of $76.85 and a 12-month high of $137.60. The business's 50-day moving average price is $111.38 and its 200 day moving average price is $102.70. The stock has a market cap of $7.37 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 earnings per share. On average, sell-side analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.33% of the company's stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.