Insider Selling: Travel + Leisure Co. (NYSE:TNL) Insider Sells 4,607 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 4,607 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now owns 120,602 shares in the company, valued at approximately $6,542,658.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44.

Travel + Leisure Trading Up 1.1 %

Shares of TNL traded up $0.57 during midday trading on Thursday, reaching $54.29. 80,593 shares of the company were exchanged, compared to its average volume of 587,163. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $35.41 and a 1-year high of $54.79. The stock has a 50-day moving average price of $46.58 and a 200-day moving average price of $45.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $1.54 earnings per share. Travel + Leisure’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. Travel + Leisure’s payout ratio is currently 33.96%.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. Swedbank AB bought a new stake in Travel + Leisure in the first quarter valued at about $33,598,000. Millennium Management LLC boosted its holdings in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after purchasing an additional 500,554 shares during the period. Acadian Asset Management LLC raised its stake in Travel + Leisure by 318.4% during the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock worth $18,217,000 after acquiring an additional 308,391 shares during the period. Algert Global LLC grew its stake in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after buying an additional 200,549 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Travel + Leisure during the second quarter worth about $7,480,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TNL has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Barclays increased their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.