State of New Jersey Common Pension Fund D Has $3.87 Million Position in Webster Financial Co. (NYSE:WBS)

State of New Jersey Common Pension Fund D reduced its holdings in Webster Financial Co. (NYSE:WBS) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,282 shares of the financial services provider’s stock after selling 3,024 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Webster Financial were worth $3,872,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Webster Financial in the fourth quarter valued at approximately $69,000. SlateStone Wealth LLC acquired a new position in Webster Financial in the fourth quarter valued at approximately $205,000. Duality Advisers LP acquired a new position in Webster Financial in the fourth quarter valued at approximately $3,412,000. CWM LLC lifted its holdings in Webster Financial by 21.2% in the fourth quarter. CWM LLC now owns 5,458 shares of the financial services provider’s stock valued at $277,000 after buying an additional 954 shares during the period. Finally, Signaturefd LLC lifted its holdings in Webster Financial by 16.4% in the fourth quarter. Signaturefd LLC now owns 5,982 shares of the financial services provider’s stock valued at $304,000 after buying an additional 842 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Webster Financial

In related news, insider Christopher J. Motl sold 10,475 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the transaction, the insider now owns 63,306 shares of the company’s stock, valued at $3,317,234.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Daniel Bley sold 2,000 shares of Webster Financial stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $47.60, for a total value of $95,200.00. Following the completion of the transaction, the insider now owns 27,955 shares of the company’s stock, valued at approximately $1,330,658. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher J. Motl sold 10,475 shares of Webster Financial stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total transaction of $548,890.00. Following the completion of the transaction, the insider now directly owns 63,306 shares of the company’s stock, valued at approximately $3,317,234.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,975 shares of company stock valued at $1,341,095. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WBS shares. Jefferies Financial Group cut their target price on shares of Webster Financial from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Royal Bank of Canada cut their target price on shares of Webster Financial from $57.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Webster Financial from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley increased their target price on shares of Webster Financial from $51.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Webster Financial has an average rating of “Moderate Buy” and a consensus price target of $56.23.

Webster Financial Stock Down 1.0 %

Shares of WBS stock opened at $45.02 on Friday. The firm has a fifty day moving average of $47.88 and a 200-day moving average of $46.48. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.54. Webster Financial Co. has a 12-month low of $31.03 and a 12-month high of $53.39. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.38 and a beta of 1.33.

Webster Financial (NYSE:WBS) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. As a group, equities research analysts predict that Webster Financial Co. will post 5.68 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, May 3rd. Webster Financial’s dividend payout ratio (DPR) is currently 32.79%.

Webster Financial Company 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.