People s United Financial Inc. cut its stake in Webster Financial Corporation (NYSE:WBS) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,726 shares of the financial services provider’s stock after selling 87 shares during the quarter. People s United Financial Inc.’s holdings in Webster Financial Corporation were worth $1,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Seven Eight Capital LP bought a new stake in shares of Webster Financial Corporation in the second quarter worth approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Webster Financial Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after buying an additional 274 shares during the period. Sky Investment Group LLC bought a new stake in Webster Financial Corporation during the second quarter valued at approximately $200,000. Advisor Group Inc. grew its position in Webster Financial Corporation by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after buying an additional 474 shares during the period. Finally, BB&T Securities LLC bought a new stake in Webster Financial Corporation during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 93.67% of the company’s stock.

In other Webster Financial Corporation news, EVP Daniel Bley sold 8,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the sale, the executive vice president now owns 25,657 shares of the company’s stock, valued at $1,313,638.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nitin J. Mhatre sold 31,940 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the sale, the executive vice president now directly owns 23,120 shares in the company, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

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A number of research firms have weighed in on WBS. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Webster Financial Corporation in a research report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub raised shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $46.00 price target on shares of Webster Financial Corporation in a research note on Friday, July 14th. Finally, ValuEngine raised shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $53.00.

Webster Financial Corporation (NYSE WBS) traded up 0.96% during trading on Friday, reaching $52.55. 712,493 shares of the company’s stock were exchanged. Webster Financial Corporation has a 52 week low of $36.96 and a 52 week high of $57.50. The stock has a market capitalization of $4.84 billion, a PE ratio of 21.90 and a beta of 1.27. The stock has a 50-day moving average of $47.96 and a 200-day moving average of $50.49.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. The business had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that Webster Financial Corporation will post $2.55 EPS for the current year.

Webster Financial Corporation 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 Corporation (NYSE:WBS)

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