Voya Investment Management LLC reduced its position in Webster Financial Corporation (NYSE:WBS) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,129 shares of the financial services provider’s stock after selling 49,338 shares during the quarter. Voya Investment Management LLC owned about 0.31% of Webster Financial Corporation worth $15,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBS. Seven Eight Capital LP acquired a new position in shares of Webster Financial Corporation during the second quarter worth $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Webster Financial Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 274 shares during the last quarter. Sky Investment Group LLC purchased a new stake in shares of Webster Financial Corporation during the 2nd quarter valued at $200,000. Advisor Group Inc. lifted its holdings in shares of Webster Financial Corporation by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 474 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in shares of Webster Financial Corporation during the 2nd quarter valued at $212,000. 93.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Webster Financial Corporation (NYSE:WBS) opened at 52.56 on Wednesday. Webster Financial Corporation has a 12 month low of $36.96 and a 12 month high of $57.50. The firm’s 50-day moving average price is $48.32 and its 200-day moving average price is $50.27. The firm has a market cap of $4.84 billion, a PE ratio of 21.90 and a beta of 1.26.

Webster Financial Corporation (NYSE:WBS) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a net margin of 20.43% and a return on equity of 9.49%. The business had revenue of $262.50 million during the quarter, compared to the consensus estimate of $260.91 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Analysts expect that Webster Financial Corporation will post $2.55 earnings per share for the current year.

In other Webster Financial Corporation news, EVP Daniel Bley sold 8,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the transaction, the executive vice president now owns 25,657 shares in the company, valued at $1,313,638.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the transaction, the executive vice president now owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

WBS has been the topic of several research analyst reports. Zacks Investment Research downgraded Webster Financial Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 price target on shares of Webster Financial Corporation in a research note on Friday, July 14th. BidaskClub cut Webster Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine raised Webster Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $46.00 price target on shares of Webster Financial Corporation in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.00.

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About Webster Financial Corporation

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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Institutional Ownership by Quarter for Webster Financial Corporation (NYSE:WBS)

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