Great West Life Assurance Co. Can boosted its stake in Webster Financial Corporation (NYSE:WBS) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,870 shares of the financial services provider’s stock after buying an additional 296 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Webster Financial Corporation worth $2,863,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Webster Financial Corporation by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 150,305 shares of the financial services provider’s stock valued at $8,159,000 after buying an additional 6,887 shares during the last quarter. Creative Planning raised its stake in Webster Financial Corporation by 1.6% in the first quarter. Creative Planning now owns 10,019 shares of the financial services provider’s stock valued at $501,000 after buying an additional 155 shares during the last quarter. Capstone Asset Management Co. raised its stake in Webster Financial Corporation by 13.4% in the first quarter. Capstone Asset Management Co. now owns 6,871 shares of the financial services provider’s stock valued at $344,000 after buying an additional 810 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Webster Financial Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 500 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Webster Financial Corporation by 3.4% in the first quarter. Nisa Investment Advisors LLC now owns 15,000 shares of the financial services provider’s stock valued at $751,000 after buying an additional 500 shares during the last quarter. 97.67% of the stock is owned by institutional investors.

Shares of Webster Financial Corporation (NYSE WBS) opened at 46.50 on Monday. The stock’s 50 day moving average is $51.56 and its 200 day moving average is $51.64. Webster Financial Corporation has a 1-year low of $36.96 and a 1-year high of $57.50. The company has a market capitalization of $4.28 billion, a PE ratio of 19.38 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, August 3rd. Webster Financial Corporation’s dividend payout ratio (DPR) is currently 43.33%.

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Several analysts have recently commented on the stock. Barclays PLC increased their price target on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Jefferies Group LLC set a $53.00 price target on shares of Webster Financial Corporation and gave the company a “hold” rating in a research note on Saturday, May 6th. BidaskClub raised shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a research note on Tuesday, June 27th. Finally, Zacks Investment Research cut shares of Webster Financial Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Webster Financial Corporation presently has an average rating of “Hold” and a consensus price target of $53.00.

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

About Webster Financial Corporation

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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