Quantbot Technologies LP Lowers Position in Webster Financial Co. (NYSE:WBS)

Quantbot Technologies LP lessened its stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,527 shares of the financial services provider's stock after selling 10,022 shares during the period. Quantbot Technologies LP owned 0.05% of Webster Financial worth $4,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Webster Financial by 28.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider's stock worth $240,687,000 after purchasing an additional 1,206,575 shares during the period. Earnest Partners LLC raised its position in shares of Webster Financial by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider's stock valued at $134,524,000 after buying an additional 13,487 shares in the last quarter. American Century Companies Inc. raised its position in shares of Webster Financial by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider's stock valued at $115,096,000 after buying an additional 301,935 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Webster Financial by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,874,644 shares of the financial services provider's stock worth $87,377,000 after acquiring an additional 191,894 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Webster Financial by 8.1% during the 2nd quarter. Sei Investments Co. now owns 1,833,761 shares of the financial services provider's stock worth $79,934,000 after acquiring an additional 137,242 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Trading Up 0.0 %

Shares of Webster Financial stock traded up $0.03 during trading on Wednesday, hitting $62.05. The company's stock had a trading volume of 624,881 shares, compared to its average volume of 1,257,963. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $63.99. The stock has a 50-day moving average price of $52.08 and a two-hundred day moving average price of $47.27.

Webster Financial (NYSE:WBS - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). The company had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter last year, the firm posted $1.55 EPS. Equities research analysts anticipate that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, November 1st. Webster Financial's dividend payout ratio is presently 36.28%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of Webster Financial from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Wedbush raised their price objective on Webster Financial from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on shares of Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. Finally, Morgan Stanley decreased their price target on shares of Webster Financial from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.85.

Insider Transactions at Webster Financial

In other Webster Financial news, insider Daniel Bley sold 3,463 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.10, for a total value of $180,422.30. Following the completion of the sale, the insider now owns 19,529 shares of the company's stock, valued at approximately $1,017,460.90. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 1,650 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $60.60, for a total value of $99,990.00. Following the transaction, the director now directly owns 15,023 shares in the company, valued at $910,393.80. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,750 shares of company stock valued at $2,074,367. Corporate insiders own 0.88% of the company's stock.

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.