CANADA LIFE ASSURANCE Co Has $6.78 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

CANADA LIFE ASSURANCE Co lowered its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC bought a new position in Mr. Cooper Group in the fourth quarter valued at approximately $51,000. Covestor Ltd grew its holdings in Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares during the period. Finally, Blue Trust Inc. grew its holdings in Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 0.2 %

Shares of NASDAQ:COOP traded up $0.29 during midday trading on Friday, reaching $116.72. The company had a trading volume of 400,482 shares, compared to its average volume of 569,519. The business's 50 day moving average price is $111.25 and its 200 day moving average price is $102.45. Mr. Cooper Group Inc. has a 1-year low of $76.85 and a 1-year high of $137.60. The stock has a market cap of $7.47 billion, a PE ratio of 11.47, a P/E/G ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.33% of the company's stock.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent analyst reports. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.00.

About Mr. Cooper Group

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.