Natixis Advisors LLC Purchases 53,950 Shares of Webster Financial Co. (NYSE:WBS)

Natixis Advisors LLC raised its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,252 shares of the financial services provider's stock after buying an additional 53,950 shares during the quarter. Natixis Advisors LLC owned about 0.14% of Webster Financial worth $11,012,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Assetmark Inc. raised its stake in Webster Financial by 9.3% during the 3rd quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 222 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Webster Financial by 5.4% during the second quarter. CIBC Asset Management Inc now owns 4,821 shares of the financial services provider's stock valued at $210,000 after buying an additional 248 shares during the last quarter. US Bancorp DE raised its position in shares of Webster Financial by 3.6% during the first quarter. US Bancorp DE now owns 7,487 shares of the financial services provider's stock valued at $380,000 after buying an additional 260 shares during the last quarter. Covestor Ltd lifted its stake in shares of Webster Financial by 17.0% in the third quarter. Covestor Ltd now owns 1,895 shares of the financial services provider's stock valued at $89,000 after buying an additional 276 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Webster Financial by 8.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 3,976 shares of the financial services provider's stock worth $185,000 after buying an additional 311 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Price Performance

Shares of WBS stock opened at $59.55 on Thursday. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $61.12. The stock has a market capitalization of $10.21 billion, a PE ratio of 13.50, a PEG ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. The stock's fifty day moving average is $50.73 and its 200-day moving average is $46.82.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings data 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). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The company had revenue of $647.62 million for the quarter, compared to the consensus estimate of $677.72 million. During the same period in the prior year, the company earned $1.55 EPS. Equities research analysts expect that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were given a $0.40 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Webster Financial's payout ratio is 36.28%.

Insider Activity

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 shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles L. Wilkins sold 5,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $59.50, for a total transaction of $297,500.00. Following the sale, the insider now owns 33,657 shares of the company's stock, valued at $2,002,591.50. The trade was a 12.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,750 shares of company stock valued at $1,599,727. Company insiders own 0.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on WBS. Barclays upped their price target on Webster Financial from $60.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Stephens set a $58.00 price target on shares of Webster Financial in a report on Thursday, October 17th. StockNews.com cut shares of Webster Financial from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on shares of Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Webster Financial currently has a consensus rating of "Moderate Buy" and an average target price of $57.85.

Webster Financial Profile

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.