Inspire Investing LLC Has $403,000 Stock Position in Webster Financial Co. (NYSE:WBS)

Inspire Investing LLC reduced its holdings in Webster Financial Co. (NYSE:WBS) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,297 shares of the financial services provider’s stock after selling 1,535 shares during the period. Inspire Investing LLC’s holdings in Webster Financial were worth $403,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Assetmark Inc. grew its holdings in Webster Financial by 9.3% during the third quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 222 shares during the period. Wedmont Private Capital lifted its stake in Webster Financial by 3.2% in the fourth quarter. Wedmont Private Capital now owns 7,628 shares of the financial services provider’s stock valued at $409,000 after buying an additional 237 shares in the last quarter. GAMMA Investing LLC boosted its stake in Webster Financial by 14.8% in the 4th quarter. GAMMA Investing LLC now owns 2,045 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 264 shares during the period. Covestor Ltd increased its holdings in Webster Financial by 17.0% during the 3rd quarter. Covestor Ltd now owns 1,895 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Webster Financial by 3.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,684 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 279 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Price Performance

Shares of NYSE WBS opened at $58.90 on Friday. Webster Financial Co. has a twelve month low of $39.33 and a twelve month high of $63.99. The company has a market cap 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. The business’s 50 day moving average price is $58.06 and its two-hundred day moving average price is $51.61. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.34.

Webster Financial (NYSE:WBS) last posted its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share 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 for the quarter, compared to analyst estimates of $687,532.71 billion. During the same period in the previous year, the firm earned $1.46 EPS. On average, analysts predict that Webster Financial Co. will post 5.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wedbush upped their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada lifted their price objective on shares of Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report 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. Finally, Barclays boosted their price target on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Insider Activity

In related news, CEO John R. Ciulla sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.33, for a total value of $474,640.00. Following the transaction, the chief executive officer now owns 218,924 shares in the company, valued at approximately $12,988,760.92. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Bley sold 500 shares of the firm’s 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 sale, the insider now owns 17,279 shares of the company’s stock, valued at $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,287 shares of company stock valued at $1,485,050 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

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.