CNA Financial Corp reduced its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,979 shares of the financial services provider’s stock after selling 887 shares during the quarter. CNA Financial Corp’s holdings in Webster Financial Corporation were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WBS. Capstone Asset Management Co. increased its holdings in Webster Financial Corporation by 13.4% during the 1st quarter. Capstone Asset Management Co. now owns 6,871 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 810 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Webster Financial Corporation by 3.4% during the first quarter. Nisa Investment Advisors LLC now owns 15,000 shares of the financial services provider’s stock worth $751,000 after buying an additional 500 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Webster Financial Corporation by 4.8% during the first quarter. Great West Life Assurance Co. Can now owns 54,574 shares of the financial services provider’s stock worth $2,727,000 after buying an additional 2,521 shares in the last quarter. State Treasurer State of Michigan grew its holdings in shares of Webster Financial Corporation by 1.1% during the first quarter. State Treasurer State of Michigan now owns 37,350 shares of the financial services provider’s stock worth $1,869,000 after buying an additional 400 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in shares of Webster Financial Corporation by 20.9% during the first quarter. Flinton Capital Management LLC now owns 3,152 shares of the financial services provider’s stock worth $158,000 after buying an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

A number of equities research analysts have recently commented on WBS shares. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a 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 upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Piper Jaffray Companies restated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a report on Friday, July 14th. Finally, ValuEngine upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.00.

In related news, EVP Nitin J. Mhatre sold 31,940 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the transaction, the executive vice president now owns 23,120 shares in the company, valued at $1,186,980.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Bley sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,657 shares in the company, valued at approximately $1,313,638.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Shares of Webster Financial Corporation (NYSE:WBS) traded up 1.34% on Tuesday, reaching $47.49. 36,120 shares of the company’s stock were exchanged. The company has a market capitalization of $4.37 billion, a P/E ratio of 19.79 and a beta of 1.27. Webster Financial Corporation has a 12 month low of $36.96 and a 12 month high of $57.50. The firm’s 50 day moving average price is $48.65 and its 200-day moving average price is $50.84.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $262.50 million for the quarter, compared to the consensus estimate of $260.91 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that Webster Financial Corporation will post $2.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.26 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.22%. Webster Financial Corporation’s dividend payout ratio is currently 43.33%.

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Webster Financial Corporation Company 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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