Sun Life Financial INC boosted its holdings in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 94.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,902 shares of the bank’s stock after purchasing an additional 12,070 shares during the quarter. Sun Life Financial INC’s holdings in People's United Financial were worth $452,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Glassman Wealth Services boosted its position in People's United Financial by 4,150.7% during the second quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock worth $101,000 after purchasing an additional 5,562 shares in the last quarter. Ffcm LLC increased its holdings in shares of People's United Financial by 208.3% in the second quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock valued at $114,000 after purchasing an additional 4,287 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of People's United Financial by 3.0% in the second quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after purchasing an additional 226 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of People's United Financial by 1,408.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,996 shares of the bank’s stock valued at $145,000 after purchasing an additional 7,466 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of People's United Financial by 0.8% in the second quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock valued at $171,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 75.68% of the company’s stock.

In other People's United Financial news, Director John K. Dwight sold 56,928 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.08, for a total transaction of $1,086,186.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total value of $205,680.00. Following the sale, the director now directly owns 145,707 shares of the company’s stock, valued at approximately $2,497,417.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 552,653 shares of company stock valued at $10,454,770. 2.70% of the stock is owned by insiders.

Several equities research analysts recently commented on PBCT shares. Piper Jaffray Companies set a $16.00 price target on People's United Financial and gave the company a “sell” rating in a report on Thursday, August 17th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of People's United Financial in a report on Friday, August 18th. Finally, Zacks Investment Research raised People's United Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.08.

People's United Financial, Inc. (PBCT) traded down $0.24 during mid-day trading on Friday, reaching $19.02. The company’s stock had a trading volume of 3,562,000 shares, compared to its average volume of 2,901,807. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $6,478.37, a PE ratio of 19.49, a price-to-earnings-growth ratio of 9.50 and a beta of 0.85. People's United Financial, Inc. has a one year low of $15.97 and a one year high of $20.13.

People's United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $374.59 million. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. analysts predict that People's United Financial, Inc. will post 0.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.69 annualized dividend and a yield of 3.63%. People's United Financial’s dividend payout ratio (DPR) is 75.83%.

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People's United Financial Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

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Institutional Ownership by Quarter for People's United Financial (NASDAQ:PBCT)

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