Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Should You Buy Webster Financial Corporation (WBS)?

Page 1 of 2

How do we determine whether Webster Financial Corporation (NYSE:WBS) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that their consensus long positions have historically outperformed the market when we adjust for known risk factors.

Webster Financial Corporation (NYSE:WBS) has seen an increase in hedge fund sentiment recently. At the end of this article, we will also compare Webster Financial Corporation (NYSE:WBS) to other stocks, including Portland General Electric Company (NYSE:POR), HEICO Corporation (NYSE:HEI), and Akorn, Inc. (NASDAQ:AKRX) to get a better sense of its popularity.

Follow Webster Financial Corp (NYSE:WBS)
Trade (NYSE:WBS) Now!

In the 21st century investor’s toolkit, there are numerous signals market participants put to use to grade stocks. A pair of the most underrated signals are hedge fund and insider trading moves. We have shown that, historically, those who follow the best picks of the top investment managers can outpace their index-focused peers by a solid margin (see the details here).

Keeping this in mind, we’re going to take a gander at the key action encompassing Webster Financial Corporation (NYSE:WBS).

What have hedge funds been doing with Webster Financial Corporation (NYSE:WBS)?

At the end of Q3, a total of 25 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 9% from the second quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Ricky Sandler’s Eminence Capital has the number one position in Webster Financial Corporation (NYSE:WBS), worth close to $127.3 million, comprising 2% of its total 13F portfolio. The second largest stake is held by Fisher Asset Management, managed by Ken Fisher, which holds a $92.6 million position; 0.2% of its 13F portfolio is allocated to the company. Remaining hedge funds and institutional investors with similar optimism consist of Richard S. Pzena’s Pzena Investment Management, Michael Barnes and Arif Inayatullah’s Tricadia Capital Management, and Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!