Corebridge Financial Inc. Sells 3,035 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Corebridge Financial Inc. reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,628 shares of the company's stock after selling 3,035 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of Mr. Cooper Group worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Veridan Wealth LLC bought a new position in Mr. Cooper Group in the 4th quarter worth $56,244,000. FMR LLC boosted its stake in shares of Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. Basswood Capital Management L.L.C. boosted its stake in shares of Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock worth $45,744,000 after acquiring an additional 132,970 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $9,795,000. Finally, Barclays PLC raised its stake in Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after purchasing an additional 87,712 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded up $1.11 during mid-day trading on Friday, hitting $134.21. 2,713,854 shares of the company's stock traded hands, compared to its average volume of 531,069. Mr. Cooper Group Inc. has a 1 year low of $74.49 and a 1 year high of $137.60. The company's 50-day moving average is $108.62 and its two-hundred day moving average is $99.93. The company has a market capitalization of $8.54 billion, a P/E ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Ratings Changes

COOP has been the subject of several recent analyst reports. UBS Group upped their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price objective for the company from $125.00 to $143.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.78.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.33% of the stock is currently owned by insiders.

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.