Sei Investments Co. Cuts Stock Holdings in Webster Financial Corporation $WBS
by Teresa Graham · The Cerbat GemSei Investments Co. lessened its holdings in Webster Financial Corporation (NYSE:WBS – Free Report) by 13.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,742,249 shares of the financial services provider’s stock after selling 267,174 shares during the period. Sei Investments Co. owned about 1.05% of Webster Financial worth $95,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Frontier Capital Management Co. LLC increased its holdings in Webster Financial by 2.8% during the second quarter. Frontier Capital Management Co. LLC now owns 776,063 shares of the financial services provider’s stock valued at $42,373,000 after buying an additional 20,843 shares during the period. Azora Capital LP increased its holdings in shares of Webster Financial by 30.5% in the 2nd quarter. Azora Capital LP now owns 1,886,385 shares of the financial services provider’s stock valued at $102,997,000 after acquiring an additional 440,347 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Webster Financial by 51.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 557,173 shares of the financial services provider’s stock worth $30,422,000 after acquiring an additional 189,149 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Webster Financial during the 2nd quarter worth $1,819,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Webster Financial during the 2nd quarter worth $5,606,000. 85.58% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CAO Elzbieta Cieslik sold 2,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $61.58, for a total value of $123,160.00. Following the transaction, the chief accounting officer owned 14,894 shares in the company, valued at approximately $917,172.52. This represents a 11.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $55.45, for a total transaction of $443,600.00. Following the sale, the chief executive officer owned 231,872 shares of the company’s stock, valued at approximately $12,857,302.40. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.
Webster Financial Trading Down 0.0%
Shares of Webster Financial stock opened at $63.96 on Friday. The firm’s 50 day simple moving average is $58.15 and its two-hundred day simple moving average is $57.84. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.56 and a beta of 1.07. Webster Financial Corporation has a 12-month low of $39.43 and a 12-month high of $64.86. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42.
Webster Financial (NYSE:WBS – Get Free Report) last posted its quarterly earnings data on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.52 by $0.02. Webster Financial had a net margin of 21.32% and a return on equity of 11.07%. The business had revenue of $756.06 million during the quarter, compared to the consensus estimate of $725.22 million. During the same period in the previous year, the firm posted $1.34 earnings per share. Analysts predict that Webster Financial Corporation will post 5.88 EPS for the current year.
Webster Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Webster Financial’s dividend payout ratio is currently 29.80%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on WBS shares. Truist Financial reduced their target price on shares of Webster Financial from $69.00 to $67.00 and set a “buy” rating for the company in a report on Monday, October 20th. Morgan Stanley lifted their price objective on shares of Webster Financial from $64.00 to $77.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Webster Financial in a research report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price target (down from $68.00) on shares of Webster Financial in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Webster Financial from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.
Get Our Latest Stock Analysis on Webster Financial
About Webster Financial
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.
Recommended Stories
- Five stocks we like better than Webster Financial
- Canadian Penny Stocks: Can They Make You Rich?
- 3 Recently Downgraded Stocks to Avoid in 2026
- Overbought Stocks Explained: Should You Trade Them?
- The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains
- Most Volatile Stocks, What Investors Need to Know
- Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 Rally
Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Corporation (NYSE:WBS – Free Report).