Stablepoint Partners LLC Buys 1,166 Shares of Webster Financial Co. (NYSE:WBS)

Stablepoint Partners LLC grew its stake in Webster Financial Co. (NYSE:WBS) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,516 shares of the financial services provider’s stock after acquiring an additional 1,166 shares during the quarter. Stablepoint Partners LLC owned 0.06% of Webster Financial worth $5,219,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Webster Financial by 1,482.9% during the second quarter. Bank of Montreal Can now owns 339,246 shares of the financial services provider’s stock worth $14,801,000 after purchasing an additional 317,814 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Webster Financial by 1,125.2% during the second quarter. Cubist Systematic Strategies LLC now owns 118,289 shares of the financial services provider’s stock worth $5,156,000 after acquiring an additional 108,634 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Webster Financial in the second quarter valued at about $69,000. AQR Capital Management LLC increased its holdings in shares of Webster Financial by 8.0% in the second quarter. AQR Capital Management LLC now owns 250,025 shares of the financial services provider’s stock worth $10,564,000 after acquiring an additional 18,627 shares in the last quarter. Finally, Maverick Capital Ltd. raised its position in shares of Webster Financial by 327.4% during the second quarter. Maverick Capital Ltd. now owns 27,060 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 20,728 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Webster Financial

In other news, insider Daniel Bley sold 500 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $61.91, for a total transaction of $30,955.00. Following the transaction, the insider now owns 17,279 shares in the company, valued at approximately $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 1,650 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $60.60, for a total value of $99,990.00. Following the completion of the sale, the director now owns 15,023 shares of the company’s stock, valued at $910,393.80. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,287 shares of company stock worth $1,485,050. 0.88% of the stock is owned by insiders.

Webster Financial Stock Performance

Shares of NYSE WBS opened at $58.90 on Friday. The stock has a market capitalization of $10.10 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. 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 $58.06 and a 200 day moving average price of $51.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 0.84.

Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The business had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $687,532.71 billion. During the same quarter last year, the company posted $1.46 earnings per share. Analysts predict that Webster Financial Co. will post 5.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Wells Fargo & Company raised shares of Webster Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $75.00 in a research report on Monday, January 6th. Stephens set a $58.00 target price on Webster Financial in a report on Thursday, October 17th. Finally, Barclays lifted their price target on Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.