Legal & General Group Plc lifted its stake in shares of Webster Financial Co. (NYSE:WBS) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,987 shares of the financial services provider’s stock after acquiring an additional 9,973 shares during the quarter. Legal & General Group Plc owned 0.12% of Webster Financial worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LP purchased a new stake in shares of Webster Financial during the second quarter worth $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Webster Financial by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 274 shares during the period. Advisor Group Inc. increased its position in shares of Webster Financial by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 474 shares during the period. BB&T Securities LLC purchased a new stake in shares of Webster Financial during the second quarter worth $212,000. Finally, Flinton Capital Management LLC increased its position in shares of Webster Financial by 42.1% during the second quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 1,328 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Deutsche Bank upped their price objective on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 price objective on shares of Webster Financial in a research report on Friday, October 20th. Barclays set a $55.00 price objective on Webster Financial and gave the stock a “hold” rating in a research report on Friday, October 20th. Finally, Wells Fargo & Company increased their target price on Webster Financial from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.22.

In other Webster Financial news, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total transaction of $706,888.10. Following the transaction, the director now owns 36,984 shares of the company’s stock, valued at $2,023,024.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman James Copenhaver Smith sold 8,943 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total value of $500,181.99. Following the transaction, the chairman now directly owns 316,103 shares in the company, valued at approximately $17,679,640.79. The disclosure for this sale can be found here. Insiders sold 36,107 shares of company stock worth $1,988,452 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Webster Financial Co. (WBS) opened at $56.56 on Friday. The company has a market capitalization of $5,600.14, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.72 and a beta of 1.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial Co. has a twelve month low of $44.04 and a twelve month high of $59.25.

Webster Financial (NYSE:WBS) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same quarter in the prior year, the company posted $0.54 earnings per share. equities analysts expect that Webster Financial Co. will post 2.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.84%. The ex-dividend date was Monday, November 6th. Webster Financial’s dividend payout ratio (DPR) is presently 41.11%.

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Webster Financial Profile

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

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