Travel + Leisure Co. (NYSE:TNL) Insider Geoffrey Richards Sells 9,400 Shares

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 9,400 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 13th, Geoffrey Richards sold 4,607 shares of Travel + Leisure stock. The stock was sold at an average price of $54.25, for a total value of $249,929.75.
• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The stock was sold at an average price of $52.16, for a total value of $261,269.44.

Travel + Leisure Price Performance

Shares of NYSE:TNL traded down $0.15 during trading on Wednesday, hitting $55.36. The company had a trading volume of 122,377 shares, compared to its average volume of 582,258. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The company has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $45.76. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.54 earnings per share. Travel + Leisure’s revenue was up .7% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.61%. Travel + Leisure’s payout ratio is 33.96%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Tigress Financial increased their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price objective 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. Finally, Truist Financial increased their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Institutional Trading of Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in the company. Swedbank AB purchased a new stake in shares of Travel + Leisure in the first quarter worth approximately $33,598,000. Millennium Management LLC increased its stake 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 lifted its position in shares of 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 purchasing an additional 308,391 shares during the last quarter. Algert Global LLC boosted its stake in shares of Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after purchasing an additional 200,549 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Travel + Leisure in the second quarter worth about $7,480,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

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.