Mutual of America Capital Management LLC Has $4.32 Million Holdings in Webster Financial Co. (NYSE:WBS)

Mutual of America Capital Management LLC trimmed its stake in Webster Financial Co. (NYSE:WBS) by 15.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,649 shares of the financial services provider’s stock after selling 16,540 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Webster Financial worth $4,318,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Webster Financial by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,237,482 shares of the financial services provider’s stock worth $316,678,000 after acquiring an additional 95,780 shares during the period. Dimensional Fund Advisors LP boosted its position in Webster Financial by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider’s stock valued at $240,687,000 after acquiring an additional 1,206,575 shares during the last quarter. Earnest Partners LLC increased its holdings in Webster Financial by 0.4% in the second quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider’s stock worth $134,524,000 after purchasing an additional 13,487 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Webster Financial by 12.9% during 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 acquiring an additional 301,935 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Webster Financial by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,874,644 shares of the financial services provider’s stock valued at $87,377,000 after purchasing an additional 191,894 shares during the period. 85.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WBS. JPMorgan Chase & Co. dropped their price target on Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Stephens set a $58.00 target price on Webster Financial in a report on Thursday, October 17th. Wedbush boosted their price target on shares of Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley dropped their price objective on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given 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 $57.85.

Insider Buying and Selling

In other Webster Financial news, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.33, for a total value of $474,640.00. Following the sale, the chief executive officer now directly owns 218,924 shares in the company, valued at $12,988,760.92. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Javier L. Evans sold 10,137 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total value of $581,965.17. Following the transaction, the insider now directly owns 22,657 shares in the company, valued at $1,300,738.37. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,750 shares of company stock worth $2,074,367. Insiders own 0.88% of the company’s stock.

Webster Financial Stock Performance

WBS stock opened at $60.56 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm has a market cap of $10.38 billion, a PE ratio of 13.73, a P/E/G ratio of 0.89 and a beta of 1.27. The business has a 50 day moving average of $51.06 and a 200-day moving average of $46.91. Webster Financial Co. has a 12-month low of $39.33 and a 12-month high of $61.12.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The business had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. During the same period in the prior year, the firm posted $1.55 EPS. As a group, sell-side analysts expect that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.64%. Webster Financial’s dividend payout ratio (DPR) is presently 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.