The Progressive (PGR) At $60.73 Forms Top; 8 Analysts Covering Webster Financial (WBS)

May 17, 2018 - By Jerrie Dane

Webster Financial Corporation (NYSE:WBS) Logo

Among 19 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Webster Financial had 60 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, January 23. The firm has “Sell” rating by Piper Jaffray given on Thursday, July 13. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 8 report. The stock of Webster Financial Corporation (NYSE:WBS) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Hold” rating by Boenning & Scattergood on Wednesday, January 24. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, November 24 report. Piper Jaffray maintained it with “Hold” rating and $6000 target in Monday, April 23 report. Guggenheim upgraded Webster Financial Corporation (NYSE:WBS) on Monday, January 18 to “Buy” rating. On Tuesday, April 11 the stock rating was maintained by Wood with “Buy”. The company was downgraded on Monday, November 14 by Wells Fargo. See Webster Financial Corporation (NYSE:WBS) latest ratings:

04/05/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $61 New Target: $64 Maintain
24/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $56 New Target: $59 Maintain
23/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $60.0000 Maintain
20/04/2018 Broker: Boenning & Scattergood Rating: Hold Maintain
19/04/2018 Broker: Jefferies Rating: Hold New Target: $63.0000 Maintain
22/03/2018 Broker: UBS Rating: Neutral New Target: $45 Initiates Coverage On
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $75.0 Maintain
26/01/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $54 New Target: $56 Maintain
24/01/2018 Broker: Jefferies Rating: Hold New Target: $62.0 Maintain
24/01/2018 Broker: Boenning & Scattergood Rating: Hold Maintain

The Progressive Corporation (PGR) formed multiple top with $63.77 target or 5.00% above today’s $60.73 share price. The Progressive Corporation (PGR) has $35.37 billion valuation. The stock decreased 1.43% or $0.88 during the last trading session, reaching $60.73. About 413,704 shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 17, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

More notable recent Webster Financial Corporation (NYSE:WBS) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within Webster Financial, Integra LifeSciences, OSI, Tivity Health, LCI Industries, and …” on May 17, 2018, also Seekingalpha.com with their article: “Buy the dip in banks – Morgan Stanley” published on April 30, 2018, Bizjournals.com published: “Santander gets good news on regulatory, customer service marks” on May 01, 2018. More interesting news about Webster Financial Corporation (NYSE:WBS) were released by: Prnewswire.com and their article: “Webster Financial Corporation Increases Common Dividend” published on April 23, 2018 as well as Seekingalpha.com‘s news article titled: “Ethan Allen, Legg Mason among S&P 1500 stocks seen hiking payouts” with publication date: April 20, 2018.

The stock decreased 0.12% or $0.075 during the last trading session, reaching $64.455. About 36,804 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 10.54% since May 17, 2017 and is uptrending. It has underperformed by 1.01% the S&P500.

Investors sentiment increased to 1.16 in Q4 2017. Its up 0.20, from 0.96 in 2017Q3. It improved, as 18 investors sold Webster Financial Corporation shares while 75 reduced holdings. 26 funds opened positions while 82 raised stakes. 85.11 million shares or 0.62% more from 84.59 million shares in 2017Q3 were reported. Private Advisor Limited Liability Company stated it has 0.01% in Webster Financial Corporation (NYSE:WBS). Proshare Advsr Lc holds 21,412 shares or 0.01% of its portfolio. State Of Alaska Department Of Revenue accumulated 5,400 shares. The Georgia-based Invesco Limited has invested 0.02% in Webster Financial Corporation (NYSE:WBS). Essex Fin Serv stated it has 0.2% in Webster Financial Corporation (NYSE:WBS). Sterling Capital holds 558,251 shares. Price T Rowe Associates Md has 9.36M shares for 0.09% of their portfolio. Connecticut-based Hartford Mgmt Inc has invested 1.08% in Webster Financial Corporation (NYSE:WBS). Ny State Teachers Retirement holds 164,506 shares or 0.02% of its portfolio. Ohio-based Victory Capital has invested 0.03% in Webster Financial Corporation (NYSE:WBS). Advisory Svcs Net Llc stated it has 611 shares or 0% of all its holdings. 142,586 were reported by Systematic Mngmt Limited Partnership. Texas Permanent School Fund invested 0.04% of its portfolio in Webster Financial Corporation (NYSE:WBS). Commerce Commercial Bank invested in 0.01% or 12,650 shares. Riverhead Capital Management Lc reported 7,071 shares stake.

Since January 25, 2018, it had 0 buys, and 9 insider sales for $5.85 million activity. MORSE LAURENCE C had sold 7,400 shares worth $448,514. $455,853 worth of Webster Financial Corporation (NYSE:WBS) was sold by BECKER JOEL S on Monday, April 30. Another trade for 3,291 shares valued at $185,415 was made by Pettie Mark on Thursday, February 1. CRAWFORD JOHN JOSEPH had sold 4,000 shares worth $244,120 on Friday, May 4. The insider MORRIS DAWN C sold $147,100. Another trade for 2,917 shares valued at $169,974 was made by BLEY DANIEL on Thursday, January 25. $3.63 million worth of Webster Financial Corporation (NYSE:WBS) was sold by SMITH JAMES COPENHAVER.

Webster Financial Corporation operates as the holding firm for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. The company has market cap of $5.94 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 24.14 P/E ratio. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It improved, as 32 investors sold The Progressive Corporation shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Ibm Retirement Fund has invested 0.15% in The Progressive Corporation (NYSE:PGR). Verition Fund Management Limited owns 13,949 shares or 0.07% of their US portfolio. Moreover, First Republic Investment has 0.01% invested in The Progressive Corporation (NYSE:PGR). 5,937 are owned by Caprock Group Inc Inc. Cibc Markets Corp holds 0.05% or 117,630 shares in its portfolio. Jefferies Ltd Liability Com reported 0% in The Progressive Corporation (NYSE:PGR). Edgestream Prtn L P owns 9,961 shares. Confluence Inv Mngmt Ltd Company reported 2.05% stake. Tiaa Cref Inv Mngmt invested in 6.89 million shares or 0.26% of the stock. Pennsylvania-based Alphaone Service Lc has invested 0.03% in The Progressive Corporation (NYSE:PGR). Advisory Ser Ltd Liability Corporation reported 0.11% of its portfolio in The Progressive Corporation (NYSE:PGR). Natixis reported 243,540 shares. Samlyn Lc owns 0.98% invested in The Progressive Corporation (NYSE:PGR) for 755,610 shares. 36,300 were reported by Old Mutual Customised Solutions (Proprietary) Ltd. Raymond James Associate holds 457,243 shares or 0.05% of its portfolio.

Since April 25, 2018, it had 0 insider buys, and 1 insider sale for $121,236 activity. $121,236 worth of The Progressive Corporation (NYSE:PGR) shares were sold by Broz Steven.

Among 20 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 2 Sell and 10 Hold. Therefore 40% are positive. Progressive has $6900 highest and $25 lowest target. $49.88’s average target is -17.87% below currents $60.73 stock price. Progressive had 67 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained it with “Neutral” rating and $46 target in Thursday, July 13 report. The company was maintained on Monday, October 16 by Barclays Capital. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by M Partners on Thursday, January 25. The company was maintained on Monday, April 16 by FBR Capital. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Tuesday, June 20 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, February 14. Keefe Bruyette & Woods has “Buy” rating and $62.0 target. As per Monday, November 16, the company rating was downgraded by Goldman Sachs. Wells Fargo maintained the stock with “Hold” rating in Friday, May 5 report. As per Wednesday, April 18, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating by Wells Fargo given on Wednesday, April 19.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart