Hartford Financial Management Inc. Has $104,000 Stake in Webster Financial Co. (NYSE:WBS)

Hartford Financial Management Inc. lifted its stake in shares of Webster Financial Co. (NYSE:WBS) by 38.8% during the third quarter, Holdings Channel.com reports. The firm owned 2,231 shares of the financial services provider’s stock after buying an additional 624 shares during the period. Hartford Financial Management Inc.’s holdings in Webster Financial were worth $104,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WBS. V Square Quantitative Management LLC acquired a new position in shares of Webster Financial during the third quarter worth approximately $27,000. UMB Bank n.a. raised its stake in shares of Webster Financial by 340.7% during the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after buying an additional 460 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Webster Financial during the second quarter worth approximately $32,000. Mather Group LLC. raised its stake in shares of Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,224 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock worth $59,000 after buying an additional 686 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on WBS. Royal Bank of Canada upped their target price on shares of Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley lowered their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Keefe, Bruyette & Woods lowered their target price on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company upped 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 note on Friday, October 18th. Finally, StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Webster Financial presently has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, CAO Albert Jen-Wen Wang sold 4,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the completion of the sale, the chief accounting officer now owns 14,273 shares in the company, valued at $748,333.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Daniel Bley sold 3,463 shares of the stock in a transaction dated 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 $1,017,460.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,273 shares in the company, valued at $748,333.39. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,963 shares of company stock worth $620,272 over the last quarter. 0.88% of the stock is currently owned by insiders.

Webster Financial Stock Performance

Shares of WBS opened at $51.82 on Friday. Webster Financial Co. has a 12 month low of $37.18 and a 12 month high of $54.38. The firm has a fifty day simple moving average of $47.33 and a 200 day simple moving average of $45.56. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.88 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

Webster Financial (NYSE:WBS) last announced 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 firm had revenue of $647.62 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $1.55 EPS. Research analysts forecast that Webster Financial Co. will post 5.27 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, November 1st. Webster Financial’s dividend payout ratio is currently 36.28%.

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.