Sei Investments Co. Boosts Stock Position in Webster Financial Co. (NYSE:WBS)

Sei Investments Co. raised its holdings in Webster Financial Co. (NYSE:WBS) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,833,761 shares of the financial services provider’s stock after buying an additional 137,242 shares during the period. Sei Investments Co. owned about 1.07% of Webster Financial worth $79,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Webster Financial during the 1st quarter worth about $29,000. Hantz Financial Services Inc. acquired a new stake in Webster Financial during the second quarter worth approximately $32,000. Principal Securities Inc. acquired a new position in Webster Financial in the fourth quarter valued at $45,000. Mather Group LLC. increased its position in shares of Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,224 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Webster Financial by 29.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,114 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 255 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods cut their price target on Webster Financial from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley lowered shares of Webster Financial from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $54.00 to $57.00 in a research report on Monday, August 5th. Royal Bank of Canada reduced their price target on shares of Webster Financial from $54.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Jefferies Financial Group lowered their price objective on shares of Webster Financial from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Barclays dropped their price objective on shares of Webster Financial from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Webster Financial currently has an average rating of “Moderate Buy” and an average price target of $55.36.

Insider Transactions at Webster Financial

In related news, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the sale, the insider now owns 45,157 shares in the company, valued at $2,215,853.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the sale, the insider now owns 45,157 shares in the company, valued at approximately $2,215,853.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction on Monday, July 15th. The stock was sold at an average price of $48.04, for a total value of $384,320.00. Following the transaction, the chief executive officer now directly owns 237,049 shares of the company’s stock, valued at $11,387,833.96. The disclosure for this sale can be found here. Insiders have sold a total of 14,650 shares of company stock valued at $706,098 in the last ninety days. 0.88% of the stock is currently owned by company insiders.

Webster Financial Trading Down 0.7 %

Shares of Webster Financial stock opened at $48.03 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. Webster Financial Co. has a 52-week low of $36.36 and a 52-week high of $53.39. The company’s 50-day simple moving average is $46.12 and its 200-day simple moving average is $45.65.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). Webster Financial had a return on equity of 11.81% and a net margin of 19.81%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $671.91 million. During the same period last year, the company posted $1.50 earnings per share. As a group, equities research analysts anticipate that Webster Financial Co. will post 5.27 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Monday, July 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.33%. Webster Financial’s payout ratio is currently 32.79%.

About Webster Financial

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.